What is container imbalance charge?

What is container imbalance charge?

12/ CIC (Container Imbalance Charge): It is a cost charged by shipping lines to compensate the cost of relocating large quantities of empty containers between countries where there is an imbalance of trade (there is no export use for those containers that had been previously imported into those countries).

What is container release fee?

CONTAINER RELEASE ADMINISTRATION FEE. Surcharge applied for administrative cost of the service for dispatching and empty container to the exporter.

What are the types of port charges?

Basic port charges include tonnage dues, lighthouse dues, dock fees, anchorage dues, canal dues, berth dues, pilotage, river dues, tugboat fees, customs duties, sanitation dues, and freight dues. Port charges may be collected by state or local authorities.

What are local charges in shipping?

To start with the fundamentals, here is a definition of destination charges: In the freight forwarding and shipping industry destination charges, or sometimes referred to as local charges or destination terminal charges, are fees that are levied by the destination port of your cargo.

What is CUC in shipping?

CUC is the abbreviation of Chassis Usage Charge. CUC is charged by carriers for the use of their chassis in ports in the USA. It applies to both export- as well as import shipments. Carriers want to stimulate truckers to use their own chassis for pickup and delivery of containers.

What is LSS in shipping?

Low Sulphur Surcharge is a surcharge levied by the lines to cover the costs associated with using low sulphur fuel in line with the IMO 2020 Sulphur Cap regulation..

Who is responsible for container demurrage?

The shipper is generally responsible for demurrage charges, but the consignee also may be legally obligated to pay, depending upon who was at fault for the delay and which party was contractually responsible to pay freight or other charges.

How are container detention charges calculated?

Demurrage, Detention, and Port Charges calculation scenario

1. Demurrage free days offered by the shipping line = 7 days.
2. Detention free days offered by the shipping line = 10 days.
3. Free days at port = 3 days.

How much does demurrage cost?

How much does demurrage cost? Daily charges range from $75 to $150 per container per day; however, charges can and do increase the longer the cargo stays on the terminal.