Cryptocurrency Q&A
Who should pay terminal handling charges?
Who should pay terminal handling charges?
DondaejiDelightfulCharmingSmileJoy
Sat Oct 12 2024
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7 answers
1809
I'm trying to figure out who is responsible for paying the terminal handling charges. Is it the shipper, the receiver, or someone else entirely? These charges seem to vary depending on the situation, so I'm looking for a general rule or guideline to follow.
7 answers
EthereumEagle
Mon Oct 14 2024
The Incoterms, a set of international trade terms, outline the obligations of buyers and sellers in international transactions, including the allocation of costs and risks. THC is one such cost that can be affected by the chosen Incoterms.
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JejuSunrise
Mon Oct 14 2024
In some instances, carriers may choose to include THC within their freight rate, making it a more transparent and convenient option for shippers and consignees. However, it's essential to note that this approach is not universal and can vary based on the carrier and the terms of the contract.
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HanbokElegance
Mon Oct 14 2024
On the other hand, THC may also be billed separately to the shipper or consignee, depending on the terms of the agreement between the parties. This can lead to added complexity in the shipping process, as it requires careful tracking and management of these additional costs.
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KatanaSword
Mon Oct 14 2024
Terminal Handling Charges (THC) are a crucial aspect of international shipping, with their allocation determined by the terms of trade agreed upon by the shipper and consignee. Depending on the specific Incoterms selected, these costs can either be the responsibility of the shipper or the consignee.
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KpopHarmony
Mon Oct 14 2024
It's important for shippers and consignees to understand the implications of THC on their shipping costs and to carefully negotiate the terms of their trade contracts. By doing so, they can ensure that they are fully aware of their obligations and can make informed decisions about their shipping arrangements.
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