RULE: 7 - PAYMENT OF FREIGHT CHARGES Eff: 21FEB2025
| Effective | 21FEB2025 |
|---|---|
| Filed | 21FEB2025 |
| Filing Codes | I |
Freight charges, assessorial charges, surcharges or other charges named in
this Tariff including advanced charges may be prepaid or collect (see NOTE
1) at origin or destination, SUBJECT to the provisions named herein.
However, regardless of whether B/L payment status is prepaid or collect,
the Shipper, his duly authorized Freight Forwarder, the Consignee and the
Beneficial Cargo Owner shall be, and will remain, jointly and severally
liable for all unpaid charges and freight, including but not limited to,
any sums advanced or disbursed by the Carrier for the account of the cargo.
NOTE 1: Shipments of the following commodities MUST be PREPAID in all
a. All freight and additional charges named in this Tariff, or in a Service
Contract governed by this Tariff, or Tariff TLIs named in this Tariff
are due and considered earned upon receipt of the cargo by the
originating Carrier, or his agent, and shall be paid to the Carrier
without discount or deduction, whether the ship and/or cargo is lost or
not lost, transportation is interrupted or abandoned, whether the cargo
is damaged or ruined, or whether packages or containers are delivered
empty or partly empty at destination.
b. Except as otherwise provided, rates and charges named in this Tariff, or
in a Service Contract governed by this Tariff, are quoted in U.S.
Currency and have been determined with due consideration to the
relationship of U.S Currency to the other currencies involved. In the
event of any material deterioration in the exchange value of U.S.
Currency, Carrier reserves the right, upon publication herein to adjust
the rates and charges named in this Tariff, or in a Service Contract
governed by this Tariff, to remove any adverse effect in conformity with
the U.S. Shipping Act of 1984, as amended, and the regulations of the
Federal Maritime Commission issued pursuant thereto.
c. When freight rate and other charges named in this Tariff, or in a
Service Contract governed by this Tariff, are paid in foreign countries,
Carrier will accept payment in a foreign currency provided it is freely
convertible. When payment is effected in other than U.S. Currency,
currency conversion shall be calculated on the basis of the highest
official bank selling rate of exchange as quoted on the official
exchange for the currency involved, on the day shipment is tendered to
originating Carrier.
d. The payment status of a B/L may NOT be changed once transportation
service of cargo has commenced (i.e. "prepaid" shipments cannot be
changed to "collect" shipments and likewise "collect" shipments cannot
be changed to "prepaid" shipments) without the express approval of the
Carrier.
e. Carrier or its duly authorized agent, will, 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 30 (thirty) 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.
If freight 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.
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, reasonable collection agency fees, attorney's fees
and court costs.
