The charge will be Renmibi370 ($45) per 20-foot container dry and Renmibi560 per 40-footer dry. For reefer boxes, it will be set at Renmibi410 ($50) per 20-foot container and Renmibi610 per 40-footer.
The Far Eastern Freight Conference and the Mediterranean Rate Agreement said that the charge will apply to all
ports in the People’s Republic of China except those of Guangdong, Guangxi, Hainan and Yunnan. For those provinces and areas, the existing origin receiving charge of $141 per 20-foot container and $269 per 40-foot box will continue to apply, but it will be renamed as a terminal handling charge.
The carrier groups said that the introduction of the terminal handling charge aims “to be more transparent in quotation of freight rates.”
The charge will be payable by the shipper, unless other specific arrangements are made between the buyer and seller.
“The practice of applying and collecting a terminal handling charge locally is an accepted international practice existing in all Asian countries and most countries worldwide,” the conferences said.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now