RULE: 5 - PAYMENT OF FREIGHT CHARGES Eff: 01JAN2018
| Effective | 01JAN2018 |
|---|---|
| Filed | 01JAN2018 |
| Filing Codes | I |
5.1 Except as otherwise provided in the relevant TRI, all freight and
charges to destination shall be considered earned and shall be
payable by Merchant, without refund or offset in whole or in part,
upon receipt of the goods by Carrier or its agent. Carrier may
agree, at its option, to accept certain shipments on fully or
partially collect basis, in which case all collect charges may be
paid by the Consignee or his agent to Carrier or its agent prior
to release of cargo at destination.
5.2 Payment shall be made to Carrier or its agent at origin or
destination either in U.S. currency or its equivalent in local
currency at the free market exchange rate at the close of business
of the day before payment according to OANDA (http://www.oanda.com).
5.3 Payment is required for all export/outbound shipments immediately
upon acceptance of cargo and verification of weight/volume for LCL
shipments, or prior to container positioning for full container
shipments, unless other arrangements are made in advance. Credit
may be offered to Merchant at Carrier's option, upon credit approval
by Carrier, at terms to be agreed upon between the Carrier and
Merchant.
