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Under FCA (Free Carrier) Incoterms, the seller is responsible for delivering the goods to a specified location, typically a carrier or a terminal, but the buyer assumes responsibility for the goods once they are handed over. Therefore, terminal handling charges are typically the responsibility of the buyer, as these charges occur after the seller has fulfilled their obligation by delivering the goods to the carrier. However, specific terms can vary based on the contract between the parties involved, so it's essential to clarify responsibilities in the agreement.
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What does THC mean in shipping terms?
DTHC means Destination Terminal Handling Charges.
What are the different type of shipping line charges?
Some common types of shipping line charges include freight charges, bunker adjustment factor (BAF), currency adjustment factor (CAF), port charges, terminal handling charges (THC), and documentation fees. These charges vary depending on the shipping line and the specific details of the shipment.
How do you know the price of shipping and handling charge?
In case of free delivery , there is no shipping or handling charges but in case of paid delivery cost shipping & handling shall be declared by the merchant
What does THC mean in freight?
In freight, THC stands for Terminal Handling Charge. It refers to the fees associated with the handling of cargo at a shipping terminal, including loading and unloading containers, storage, and other related services. These charges are typically applied by port operators or terminal operators and can vary based on the type of cargo and the specific terminal. THC is an important component of the overall shipping costs that shippers must consider when budgeting for transportation.
What does dhc mean in shipping terms?
Destination handling charges
What is the meaning of terminal handling charges in sea shipment?
Terminal handling charges (THC) are effectively charges collected by shipping lines to recover from the shippers the cost of paying the container terminals for the loading or unloading of the containers and other related costs borne by the shipping lines at the port of shipment or destination. For containers shipped on an FOB (Free-On-Board) terms, which specifies which party (buyer or seller) pays for which shipment and loading costs, and/or where responsibility for the goods is transferred. The shippers at the origin port of shipment are responsible for paying the THC at the port of loading. This is defined as the Origin THC. The consignees, or buyers of the cargo are responsible for paying the freight rate and the THC (or equivalent) on the discharge port of destination, known as the destination THC.
Whether tds is applicable for terminal handling charges charges paid?
Yes, terminal handling charges are subject to TDS (Tax Deducted at Source) as per the provisions of the Income Tax Act. This means that a percentage of the payment made towards terminal handling charges needs to be deducted and remitted to the tax authorities by the payer. It's important to ensure compliance with TDS regulations to avoid penalties or legal implications.
What does LFD mean in shipping terms?
In shipping terms, LFD stands for "Last Free Day." It refers to the final day that a shipping container can be stored at a terminal or port without incurring additional charges. After the LFD, the shipping line or terminal operator may begin to charge demurrage or storage fees for any containers that remain in the terminal. Understanding LFD is crucial for managing shipping costs and logistics effectively.
Do you have to pay for shipping and handling if you buy clothes from stylemint?
Yes, StyleMint typically charges for shipping and handling on orders. The exact amount may vary based on the shipping method selected and the destination. It's advisable to check their website for the most current shipping policies and any potential promotions that might offer free shipping.
What is lcl charges?
LCL (Less than Container Load) charges are fees associated with shipping goods that do not fill an entire shipping container. These charges are based on the volume or weight of the goods being transported and cover the handling, consolidation, and transportation of the smaller cargo to its destination.
If ship fob who pays THC?
In a Free on Board (FOB) shipping agreement, the seller is responsible for the costs up to the point where the goods are loaded onto the vessel at the port of shipment. Terminal Handling Charges (THC) are typically incurred at the port of loading and are usually paid by the seller. However, if the buyer has agreed to cover these costs in the contract, then the buyer would be responsible for THC. Always refer to the specific terms of the sales contract to clarify responsibilities.
What is the difference between CPT and CFR incoterms?
As per CPT incoterm, the destination terminal charges will be paid by the seller. In CFR, seller will be responsible for till payment of carriage charges, the rest buyer is responsible
