Freight Forwarder Compensation
- Payments of Compensation
- Compensation to a
licensed ocean freight forwarder will be paid on the ocean segment of the
transportation only to the extent of the value rendered in connection with
any shipment dispatched on behalf of others when, and only when, such
forwarder is licensed with the Federal Maritime Commission under the
Shipping Act of 1984 and the Ocean Shipping Reform Act of 1998, and has
performed with respect to such shipment the solicitation and securing of
the cargo or the booking thereof, or otherwise has arranged for space for
such cargo and has performed at least two of the following services.
- The coordination of
the movement of the cargo.
- The preparation and
processing of the ocean bill of lading.
- The preparation and
processing of dock receipts and delivery orders.
- The preparation and
processing of consular documents and export declarations; and
- The payment of ocean
freight charges on such shipments.
- Rates of Compensation
- Such compensation shall
be based on percentage of the tariff rate for the commodity involved, or
on a lump sum, amount per container.
- The applicable
compensation shall apply to Export Shipments only.
Freight Forwarder
Compensation shall be payable only to tariff line items where the compensation
is expressly stated so.
(effective: 08/01/2003)