RULE: 7.1 - EXTENSION OF CREDIT FOR PAYMENT OF FREIGHT CHARGES Eff: 04SEP2013
| Effective | 04SEP2013 |
|---|---|
| Filed | 04SEP2013 |
| Filing Codes | IC |
a. Carrier or its duly authorized agent, may, upon request
of the Shipper, Freight Forwarder, Consignee or
Beneficial Cargo Owner, extend credit to the party
listed in the B/L as responsible for the payment of
freight and charges, in amounts not to exceed freight,
assessorial, terminal and/or advanced charges. The
credit period shall be 7 (seven) calendar days from the
date of delivery of cargo in the case of collect
shipments or from the date of originating Carrier's
cargo receipt in the case of prepaid shipments.
b. If freight and/or other charges are NOT paid within the
credit period specified above, the Carrier will cancel
the delinquent party's credit privileges after which
time ALL freight and assessorial charges applying on
shipments moving for the account of such party MUST be
paid in cash, cashier's check or money order at the
time, or prior to the time, cargo is tendered to
originating Carrier for transportation.
c. If any party responsible for the payment of charges
fails or refuses to pay lawful freight and/or other
charges due as specified above, Carrier shall be
entitled to recover all collection costs incurred,
including but not limited to, the past due fee named in
paragraph c. above, reasonable collection agency fees,
attorney's fees and court costs.
