|Original||01/20/2016||01/20/2016||EXTENSION OF CREDIT FOR PAYMENT OF FREIGHT CHARGES|
Published Date: 01/202016
RULE: 7.1 - EXTENSION OF CREDIT FOR PAYMENT OF FREIGHT CHARGES Effective 1/20/16
a. Carrier or its duly authorized agent, may, 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 7 (seven) calendar 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.
b. If freight and/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.
c. 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, the past due fee named in paragraph c. above, reasonable collection agency fees, attorney's fees and court costs.