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What does THC mean in shipping terms?
DTHC means Destination Terminal 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.
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.
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 is LP-THC and CNF for shipping terms?
Terminla Handling Charge
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 does fob Rotterdam mean?
F(ree) O(n) (B)oard = paid up to the side of the dock in Rotterdam including ocean freight, but excluding any terminal handling charges or any cost that would be incurred after.
What does dhc mean in shipping terms?
Destination handling charges
Which is the only airport terminal in india capable of handling a 380?
new delhi
What direction do the electrical charges flow?
Electrical charges flow from areas of higher potential (voltage) to areas of lower potential. This means that they flow from the positive terminal of a battery to the negative terminal in a closed circuit.
How does charges move in a circuit?
Charges move in a circuit when there is a potential difference (voltage) applied across the circuit components. Electrons flow from the negative terminal of the voltage source, through the circuit components, and back to the positive terminal. This flow of charges is what creates current in the circuit.
What is remarshalling charges?
Remarshalling charges refer to the costs associated with moving cargo from one container to another container at a port or terminal. This process may be necessary if the original container is damaged, incorrect, or for other reasons. Remarshalling charges can vary depending on the port, terminal, and specific circumstances.
