RULE: 9 - FREIGHT FORWARDER COMPENSATION Eff: 20JUL2004
Compensation to a licensed Ocean Freight Forward will be paid in connection with any shipment dispatched on behalf of others when, and only when, such Forwarder is licensed with the Federal Maritime Commission under Section 19(a) of the Shipping Act of 1984, as amended, and has certified in writing that it holds a valid FMC issued Forwarder License (including the number thereof) and has performed the following services: 1. Engaged, booked, secured, reserved, or contracted directly with the Carrier or its agent for Carrier's service or confirmed the availability of that service; and 2. Prepared and processed the Bill of Lading, Dock Receipt, or other similar document with respect to the shipment. a. Carrier will NOT knowingly pay compensation: 1. more than once on a single shipment; and 2. on a shipment in which the Forwarder has a direct or indirect beneficial interest; and 3. on any pre-carriage, on-carriage or advanced charges. b. The amount of Freight Forwarder Compensation will be a percentage of the Freight charges named in this Tariff, exclusive of Assessorial Charges, Surcharges, Arbitraries or Advanced Charges. Freight Forwarder Compensation will be as follows: 1.5% (one and one half percent) of freight charges on Prepaid Shipments: SEE EXCEPTIONS: EXCEPTIONS: NONE CURRENTLY IN EFFECT c. Freight Forwarder Compensation and Freight Brokerage will NOT be paid on the same shipment. d. Invoices for Compensation MUST be presented for payment within 6 (six) months of sailing date of transporting vessel.
Table Of Contents