CARM: What all importers need to know about CARM

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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 #46
Issue Express Bills of Lading instead of Originals and avoid delays and unnecessary costs

Original Bills of Lading are a good way to ensure immediate payment of your merchandise on shipments where you do not have an established credit arrangement with your client.

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