This is a question that is raised by many of our clients and can be a contentious issue with some. So following is a brief rundown for you on what this surcharge comprises and why it is levied. Unless you work for an ocean carrier, there seems to be a lot of confusion regarding BAF. Continue reading “Bunker Adjustment Factor (BAF)- What exactly is this?”
Posts Categorized: FAQs
Marine Insurance
Marine insurance only pays for physical damage or loss of the goods in fortuitous (accidental or unexpected ) events, not inevitable outcomes. Marine cover normally starts the moment the goods begin their internatonal journey including domestic transport en route. In short: Marine or cargo insurance covers cargo in transit internationally. Even an “all risks” cargo Continue reading “Marine Insurance”
Container Detention
Import Container detention “free time” policy and rates for detention do vary from shipping line to shipping line, however, generally the first FREE DAY will be,the DISCHARGE DATE of the container. Export Container detention “free time” commences when the container(s) is delivered from the empty container park, the total period for detention assessment will cease Continue reading “Container Detention”