This concerns FCL (Full Container Load) shipments. Additional terms and fees to local agents of the line usually via port forwarding. An empty 20ft container weighs approximately 2,300 kg. Home > Resources > What is the Currency Adjustment Factor (CAF)? A carrier facility where LCL shipments are loaded or … GRI – planned increase of a base rate from a certain date. IMO surcharge is applied when transporting goods classified by the UN as hazardous (in accordance with the IMDG code (International Marine Dangerous Goods code)) , the shipping company imposes a surcharge on the sea freight. The Currency Adjustment Factor or “CAF”, as it is commonly called in the shipping industry, is an assessorial percentage charge that many companies find on their freight bills. Usually BAF charges … Whether or not the importer is responsible for paying origin charges depends on the incoterms that the … For example, in the case of freight under LILO, this means that in the U.S., except for freight, loading and unloading, also includes all related costs, such as BAF, CAF, etc. For nomination for inspection – the rate for work on putting the container on the ground clearance (Customs, health, etc.). In other words, in theory, carrier surcharges collected only when there … – 5 days free of charge, day 6 – 9 Eur / day;MSC: 100 EUR THC + 40 EUR docs + m / h 1940 EUR + ISPS 15 EUR = 195 EUR;MAERSK: 120 EUR THC + 35 EUR ddf + 6 EUR ISPS + 1930 EUR m / h = 191 EUR;Hamburg Sud: 110 EUR THC + 30 EUR docs + 16 EUR ISPS = 156 EUR;OOCL: 74 EUR THC + 30 EUR docs + 11 EUR ISPS + m / h 30 EUR = 145 EUR. What is the Currency Adjustment Factor (CAF)? Currency Adjustment Factor CAF is applied on freight rates to … CFS. Hello Naseem – CIF only covers cost, insurance & freight. 20ft containers exceeding the weight of 14,000 kg tare (container) are subject to a heavy weight surcharge (HWT). Then Demurrage penalties imposed for excess use of container from its unloading at the ter… BAF refers to floating part of sea freight charges which represents additions due to oil prices. Currency Adjustment Factor CAF is applied on … THC, Terminal handling charge, levied by CY and CFS operators for goods passing through their operations. FCL: per-container LCL: per-w/m Import/Export All countries HQA: HIGH CUBE ADDITIONAL: It is a charge that may be applied when you use a High Cube container. Customs Administrative Fee (CAF) The Customs Administrative Fee (CAF) is a fee imposed on or in … Currency Adjustment Factor CAF is applied on freight rates to … Trucking companies charge a fuel surcharge fee in order to protect themselves from the volatility of fuel prices. BAF is charged either as a separate charge or included in the freight charge … PSS (Peak Season Surcharge) is added to cargo moving from ASIA. The currency adjustment factor (CAF) is a fee placed on top of freighting charges for carrier companies. Freight Surcharges. Charged by the carrier for the handling of containers at the container terminal before being loaded onboard a vessel, including the unloading of the container from a truck, stacking and transport from … Port Congestion Surcharge applied by shipping lines to cover losses caused by congestion and idle time for vessels serving that port. We'll never spam you and you can always easily unsubscribe. Examples include the unloading of the container from a truck, stacking and transport from the stacking location to just below the crane. Common Freight Costs & Charges . Bunker Adjustment Factor (BAF) – an adjustment to shipping companies’ freight rates to take into account fluctuations in the cost of fuel oil (bunkers) for their ships. A 1% charge is applied to the freight and all of the surcharges quoted in USD, for both FCL and LCL shipping. According to the reports, the shipping charges have increased from ~ $10 – $290 TEU on most routes from the Mediterranean to the US Gulf. When shipping LCL (consolidated cargo less than container load) there will always be additional charges due at the … International Moving Companies | Certified Allied Movers, Luxury Watches for Men and Women at Discount Prices, Information for exporters of U.S. goods and services. Off-sea, the carriers have raised their revenues to cover their … A fuel surcharge (FSC) is a fee assessed by a carrier to account for regional / seasonal … This relates to the additional handling required for planning the goods at the terminal and onboard the ship. Demurrage penalties are imposed for excess use of container from its unloading at the terminal until the return of empty containers at the port (for imports) or from the date of receipt of the empty container to be loaded before the loading of a container loaded on a ship (for exports). Additional terms and fees to local agents of the line usually via port forwarding. CAF stands for Currency Adjustment Factor which is a charge to be added up on the basic sea freight by sea shipping lines on the basis of continues fluctuation of exchange rates. Storage – the rate for excess storage of cargo at the port. Because CFS charges is the cost of the LCL sea freight, caused both in port of lading and port of destination. Such charges are usually for agents' forwarding fees and … This charge originally began between the United States and Pacific Rim countries but now there are other areas that will have a CAF … It is calculated based on the average of the exchange rate over the prior three months. When the cargo is payable in foreign currency and this currency is subject to major exchange rate fluctuations, the shipping company sometimes levies a currency surcharge or CAF (Currency Adjustment Factor) so as to compensate for those exchange rate risks. The CAF is a percentage that is applied to fees, in addition to the base exchange rate. A charge added to ocean freight to compensate for exchange rate fluctuations. Currency Adjustment Factor (CAF) is an adjustment to shipping companies’ freight rates to take into account the effect over time of fluctuations in currency exchange rates. The BAF rate is a non-negotiable pass-through charge… Copyright 2011-2020 Freightos (Tradeos, Ltd) |, Privacy Policy | Master Services Agreement | Copyright & IP Policy. This fee remains in effect for the duration of a typical Peak Season, currently from June 1 – October 31. Please refer to shipping line agents or freight forwarders for their values. Period of container can be divided into Demurrage and Detention. Charged by a transportation carriers for use of the carrier’s intermodal container. Container Freight Station. We use cookies (yum) to deliver personalized services. Then Demurrage penalties imposed for excess use of container from its unloading at the terminal until the time of export from the terminal. The charge was developed to account for constantly changing exchange rates between the dollar and … Us too. New Zealand) Europe/Canada & Cross-border Trade Intra Europe Trade Surcharges for cargo originating … The CAF came into effect on April 1st 2013 and consist of two (2) parts: The Examination Fee (eCAF) and The Processing Fee (pCAF) The eCAF amount payable is base on the size and/or type of … CAF is one of the charges added up on the basic ocean freight by sea shipping carriers on the basis of continues fluctuation of exchange rates. Drop your email to get our logistics tech update list. Who Charges the Currency Adjustment Factor Surcharge: Carrier. It covers the expenses generated when transporting freight from the port of origin to the port of destination. Winter Surcharge is imposed for all containers to cover extra costs related to serving the port due to harsh weather, convoy restrictions, ice conditions etc. OOCL Lite provide real time sailing schedule search, cargo tracking, shipment details, vessel tracking, port schedule, access rates of exchange for your selected voyage, detailed container specification … 40ft containers are not subject to a heavy weight surcharge. Additional charges are paid port to port usually via port forwarding, can be collected directly to the port or the local agents of lines. Administrative Fee = B / LFee = DocsFee (available in other notation) – Fees local agent line for paperwork. Demurrage penalties are imposed for excess use of container from its unloading at the terminal until the return of empty containers at the port (for imports) or from the date of receipt of the empty container to be loaded before the loading of a container loaded on a ship (for exports). Rates for additional operations – the rates for any port is not provided for in the usual way of handling container (repacking, weighing, sealing, labeling, etc.). Another factor which influences port congestion surcharge would be labour disputes. Currency Adjustment Factor Tips: Refer to the BAF. The contract party may pay the carriage related charges such as Ocean Freight, BAF, CAF, ISPS and any other applicable surcharges such as Hazardous Surcharge, Out of Gauge … Currency Adjustment Factor Description: Like the Bunker Adjustment Factor Surcharge (BAF), this is surcharge is based on TEU, except Currency Adjustment Factor (CAF) accounts for currency fluctuations. Containerships: 130 EUR THC + 25 EUR docs + 1950 EUR m / h = 205 EUR;HAPAG: 75 eur THC + 6 EUR ISPS + 35 EUR docs + 1925 EUR m / h = 141 EUR;Export of container – 10 day free trial, the first 5 days – 15 Eur / day, 6 days 30 EUR / day;Keeping contact. coscon decide to announce surcharges as following applicable on the shipments from 1st of april 2016 till further notice: - from/to nw-europe & to/from far east: baf = usd 123/teu - from/to mediterranean … CAF calculation example: BAS (Basis Ocean freight) = $2500 BAF: $359 CAF: %12 = ($2500 * %12)/100 = $300 Total ocean freight = $2500 + $359 + $300 = $3159 … Under FOB shipping conditions, the CFS charges paid by exporter or Chinese factories, these charges also can name LCL local charges. This is a fee of 0.3% collected on behalf of the Bureau of Standards. Usually quoted for TEU, s increasing the scale (longer the carrier is in port, the more expensive each day of storage). 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