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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 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.
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.
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
Is it legal to mark up freight charges?
It really kind of depends if the charges are far out of line. Freight charges should be equal to the actual cost of shipping the freight. The charges however can and often do include handling. Handling charges have come under government scrutiny lately. The amounts charged for handling should be able to be justified with a costing analysis usually through a generally recognized business method of allocating costs. If the handling portion of fees charged are significantly higher than the costs allocated to handling, this could cause legal issues for the company.
What is the meaning of shipping line charges?
the charges of your cargo.
A dispute is any billing discrepancy with the vendor that cannot be resolved between the cardholder and vendor what are Some of the most common causes of disputes?
Taxes or shipping and handling charges.
