What is terminal handling charges in shipping?

What is terminal handling charges in shipping?

Terminal Handling Charges (THC) are the charges collected by Terminal authorities at each Port for handling equipment in relation to loading and discharging of containers.

Who pays terminal handling?

In each case the seller arranges and pays for the transport of the container to the named place, which we will assume is the container terminal. (If the named place is elsewhere – the buyer’s warehouse, for example – then the situation is straightforward, all terminal handling charges will be paid by the seller.)

What is terminal charges in import?

The import terminal handling charges is collected by shipping carriers at the time of issuing delivery order to consignee to take delivery of goods.

Who pays terminal handling charges in CIF?

Under CIF, the seller must export and pay the costs to ship to your destination port, but you must import and pay all costs associated with the importation.

Who pays terminal handling charges in FCA?

Terminal Handling Charges are present at Origin, Trans-shipment and Destination ports. The seller or buyer pay the Origin THC (OTHC) and Destination THC (DTHC). These two parties already have a contract signed as to who will pay which charges.

What are handling charges?

a fee paid to cover the packaging, transport, etc, of a commodity.

What mean CBM?

What is CBM? CBM (cubic meter) is a measurement of volume one meter wide by one meter long by one meter high. CBM is used to calculate chargeable weight.

Are handling charges legal?

RTO Officer confirms handling charges are illegal and dealers should be reported. Time and again, multiple courts in India have stated that dealers charging handling charges is illegal.

Is TDS applicable on terminal handling charges?

Section 194C TDS not applicable on terminal handling charges.