RULE: 7 - PAYMENT OF FREIGHT CHARGES Eff: 09FEB2015
| Effective | 09FEB2015 |
|---|---|
| Filed | 09FEB2015 |
| Filing Codes | IC |
A. CURRENCY:
Rates and charges are quoted in U.S. Currency and have been
determined with due consideration to the relationship of U.S.
currency to other currencies involved. In the event of any
material change in this relationship, carrier reserves the right,
upon publications in conformity with the provisions of the U.S.
Shipping Act of 1984, as amended, to adjust the rates and charges
as required.
B. PAYMENT IN U.S. DOLLARS:
Except as otherwise provided, freight and charges shall be prepaid
in the United States in United States dollars.
C. METHODS OF PAYMENT:
Payment for freight or charges due the carrier must be payable in
legal tender or, at carrier's option, by check or bank draft
acceptable by carrier's bank for immediate credit without charges.
D. PREPAID FREIGHT:
1. When freight monies and charges are prepaid, such payment
shall be made not later than the time of release of any
original Ocean Bill of Lading by the carrier to the shipper or
his duly authorized licensed Freight Forwarder or Agent acting
in his behalf.
2. When freight and charges are billed prepaid they shall be paid
in U.S. dollars.
E. FREIGHT COLLECT:
All freight and charges which are billed on a freight collect
basis must be paid in full in U.S. Dollars, or in a currency
acceptable to the carrier provided such currency shall be
unblocked, freely convertible and freely remittable free of tax
into U.S. Dollars, for the complete originally issued Bill of
Lading quantity prior to release of cargo or any portion thereof.
F. CURRENCY CONVERTABILITY:
1. Conversion Provisions:
In addition to the United States Dollars, freight monies and
charges may be billed and paid in foreign currencies, provided
they are freely convertible and remittable and free of tax.
