RULE: 7 - PAYMENT OF FREIGHT CHARGES Eff: 01JUN2019

Effective 01JUN2019
Filed 01JUN2019
Filing Codes IC

a. Freight charges must be prepaid, unless prior
   arrangements have been concluded accordance
   with the following provisions:
   
  1. Prepaid Freight and Prepayment of Freight:
     When freight or charges are prepaid, Bill of
     Lading must not be issued except upon payment
     of such freight of charges in U.S. Dollars
     or in foreign currency based on the highest
     (numerical) Telegraphic Transfer Selling Rate
     of Exchange (TTS) for U.S. Dollars pursuant to
     Rule 3.
   
  2. Collect Freight:
     Collect freight and charges must be paid to the
     ocean carrier prior to release of cargo at
     terminal ports of discharge.
   
  3. Freight charges must be paid to the carrier
     before release of the cargo, unless prior
     arrangement to the contrary has been made
     with the carrier.
   
  4. Freight charges and all other charges must be
     prepaid on shipments of:
       a) Household Goods
       b) Personal Effects
       c) Privately Owned Motor Vehicles
       d) Refused/Returned Shipments
   
  5. In the event Consignee or his agent refuses
     to pay freight and other charges, and mer-
     chandise remains undeliverable thereby, Shipper
     guarantees and remains liable for full payment
     of freight and other charges, together with
     any expense incurred while awaiting desposition
     of the cargo.
   
b. Ocean freight and other applicable Tariff and/or NSA
   charges are due and completely earned upon receipt
   of cargo by the Carrier, ship and/or cargo lost or
   not lost.
  
c. Currency Clause:
   Rates and Charges are quoted in United States
   of America 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 of this relationship,
   the Carrier reserves the right upon publication
   if in conformity with the provisions of the United
   States Shipping Act of 1984, as amended, to adjust
   the rates and charges as required to remove the
   adverse effects.
   
d. Freight and charges on collect shipments shall
   be paid for prior to the delivery of the cargo.
  
e. Prepayment of freight monies and charges at
   destination, must be made in full for the
   complete original Bill of Lading quantity prior
   to the release of any original ocean Bill of
   Lading by the Carrier to the Shipper or his
   duly authorized licensed Freight Forwarder
   or his Agent.

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