What is PSS fee?

What is PSS fee?

Peak Season Surcharges (PSS) refer to temporary surcharges that major shipping carriers will apply to their base rate to cover increased operational costs during periods of high demand. Most surcharges take the form of a flat fee applied per package and can differ widely between carriers.

What is a peak season surcharge in shipping?

What is the peak surcharge? The Peak Season Surcharges (PSS) are fees associated with the increased costs of transport in a specific period. The peak surcharge usually happens when there is a high transport demand. It is important to note that every carrier imposes different charges.

What is peak season for ocean freight?

Peak season happens every year, and if you’re importing you need to be prepared. August to October is historically prime shipping time, with back to school and holiday shopping propelling consumer demand every year.

What is peak in shipping?

Peak shipping season refers to the time of year (Q4, or October through December) when order and shipment volume see an influx, leading to more orders to fulfill and returns to process, due to the busy holiday shopping season surrounding popular shopping days including Black Friday, Cyber Monday, and general gift- …

What is PSS in shipping line?

The above surcharge acronyms mean: OF (Ocean Freight), OHC (Origin Terminal Handling Charge), DHC (Destination Terminal Handling Charge), ERS (Emergency Risk Surcharge), BAF (Bunker Adjustment Factor), LSS (Low Sulphur Surcharge) and PSS (Peak Season Surcharge).

What is PSS in sea freight?

With immediate effect all LCL co-loaders appear to be charging additional PSS (Peak Season Surcharges) for import sailings from China, Hong, Taiwan & India.

What is LSS fee?

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..

What is the peak season?

peak season. noun [ C or U ] the time of year when a lot of people travel and prices are usually at their highest: Some travel companies offer deals even in peak season.

What is DDC shipping charges?

Another term used in certain ocean carrier and/or shipping conference ‘tariffs’ to describe the terminal charge assessed against ocean cargo delivered at certain destination ports.

How do I prepare for peak season shipping?

Avoiding Delays and Controlling Costs During Peak and Holiday Freight Season

1. Ship early. …
2. Ship late. …
3. Allow for extra time during peak season. …
4. Shop around. …
5. Look for deals on less popular options. …
6. Stagger shipments.

What is BAF and LSS?

BAF = Bunker Adjustment Factor. LSS = Low Sulphur Fuel Surcharge.

Who will pay LSS fee?

In the table below freight is denoted as Main transportation. Therefore, when LSS is a surcharge collected by the shipping companies along with the freight, it falls upon the buyer to bear the cost under FOB terms.

What is low sulphur fee?

This means sulphur fuel oil must be reduced from 3.50% to 0.50%, on top of the 0.10% sulphur limit already enforced in Emission Control Areas (ECA). The aim of the Low Sulphur Regulation is to reduce the amount of SOx emissions worldwide and minimise adverse effects on human health and the environment.