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What are the shipping surcharges? What about missing the report?-(2)

2023-05-24

Fuel surcharge FAF

FAF stands for Fuel Adjustment Factor and is generally applied to Japan routes. This surcharge is somewhat similar to the temporary fuel surcharge above -- essentially the same thing, just a different name.

Devaluation surcharge CAF

CAF stands for Currency Adjustment Factor. Also known as CAS - Currency Adjustment Surcharge.

When the currency of freight is depreciated obviously, the shipping company will suffer great losses because of currency depreciation. In order to make up for the loss, the shipowner will pass the loss on to the shipper/shipowner by adding a surcharge on currency depreciation.

Document fee DOC

DOC=Document. In the freight forwarding industry, there are two charges for DOC. One is DOC charged by the shipping company, which is fixed and charged in RMB. The other is DOC charged by the port of destination, which is also one of the basic fees of the port of destination. The agent of the port of destination is charged by US dollars, and the fees of each agent are different.

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Free at destination DDC

The full name of DDC is Destination Delivery Charge. In terms of DDU, DDP, etc., this charge is borne by the shipper of the seller/shipper; otherwise, it is paid by the buyer/consignee. For example, CIF terms: Buyer/recipient shall bear all costs and risks after the goods have crossed the ship's rail at the port of loading, so all costs at the port of destination including DDC shall be borne by Party/recipient.

Surcharge PSS during peak season

The full name of PSS is Peak Season Surcharge. This fee is generally in the peak season when the freight is relatively busy many shipping companies will take an excuse to charge, with our "Spring Festival travel" price is similar. The peak season for freight transportation is usually from April to November each year.

Suez Canal Surcharge SCS

SCS stands for Suez Canal Surcharge. Routes from Asia, Oceania, East Africa and other regions to Europe basically pass through the Suez Canal. When ships pass through the Suez Canal, shipping companies need to pay certain navigation fees to the canal authorities, which shipowners collect from customers in the form of Suez Canal surcharges.

Panama Canal Surcharge PTF

The full name of PTF is Panama Canal Transit Fee. Similar to the Suez Canal surcharge, the route from the Far East and the West of the United States to the east of the United States generally goes through the Panama Canal. When a ship passes through the Panama Canal, the shipping company needs to pay a certain navigation fee to the canal authority, which the shipowner collects from the customer in the form of the Panama Canal surcharge.


Source:https://www.sofreight.com/

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