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Container booking cancellation fees becoming more common

     Hapag-Lloyd containers

A German carrier, Hapag-Lloyd, has become the latest shipping line to introduce a fee for cancelled container bookings.  Effective June 9, the $60.00 fee applies to all export shipments from Singapore to India that are cancelled within three calendar days of vessel arrival.  

CMA CGM has already introduced a $150.00 cancellation fee on shipments that prevent the shipping line from accepting other bookings.  A third carrier, Maersk, has also introduced cancellation penalties because “a significant amount of bookings” are being cancelled shortly before cargo cut off.

For more information, contact Debbie McGuire, Manager – Freight Solutions.

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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