RULE: 9 - Freight Forwarder Compensation Eff: 16APR2003
| Effective | 16APR2003 |
|---|---|
| Filed | 16APR2003 |
| Filing Codes | IR |
Applicable only on shipments exported from the United
States.
A. Compensation to a licensed Ocean Freight Forwarder will
be paid in connection with any shipment dispatched on
behalf of others when, such Forwarder is licensed with
the Federal Maritime Commission under Section 19(a) of
the Shipping Act of 1984, as amended, and has certified
in writing that it holds a valid FMC issued Forwarder
License (including the number thereof) and has performed
the following services:
(i) Engaged, booked, secured, reserved or contracted
directly with the Carrier or its agent for
Carrier's service or confirmed the availability of
that service.
(ii) Prepared and processed the Bill of Lading, Dock
Receipt, or other similar document with respect
to the shipment.
B. Carrier will not pay compensation for services described
in paragraph A above more than once on a single shipment.
C. Carrier will not knowingly pay compensation on a
shipment in which the Forwarder has a direct or
indirect beneficial interest.
D. Compensation will not be paid on any per-carriage,
on-carriage or advanced charges. The amount of
compensation will be a percentage of the Basic Ocean
Freight (exclusive of additional charges, arbitraries
or surcharges) as specified below:
1.25% of Basic Ocean Freight
E. Brokerage commissions may be paid to a bonafide ocean
freight broker as defined in 46 CFR Section 510.21(F) for
the performance of the service described in such section.
Freight forwarder compensation and brokerage commissions
may not be paid on the same shipment.
F. Invoices for Compensation MUST be presented for payment
within 6 (six) months of sailing date of transporting
vessel.
