|Original||01/20/2016||01/20/2016||Payment of Freight Charges|
Published Date: 01/202016
RULE: 7 - PAYMENT OF FREIGHT CHARGES
Freight charges, assessorial charges, surcharges or other charges named in this Tariff including advanced charges may be prepaid or collect at origin or destination, SBJ 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.
a. All freight and additional charges 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. Rates and charges named in 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 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 and other charges named in 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.