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  • 01 Sep 2020

Implementation of Booking Cancellation fee

Dear Valued Customer,

Please be informed that in order to meet customer demand and ensure optimum capacity utilization to ensure, the most of shipping line / agent will be implementing a Booking Cancellation Fee (BCF) on Export Bookings.

It is important for them that to have a high degree of planning stability on vessel to allocate space and equipment more efficiently.

They believe the above measures will be in benefit of the Trade as it will help them to improve planning of space on desired vessels and optimize vessel space to cater to valid bookings.

Quantum : USD 10 to USD 25 Per Container (20’ or 40’)

Note :

1. BCF is subject to shipping line tariff. (it will be differ from liner to liner)

2. BCF will be applicable to bookings against which containers are not picked up till the port cut-off of the vessel on which booking is issued.

3. Unmaterialized booking on vessel will be charged with the Booking Cancellation Fee as per liner tariff.

4. In case containers are still not picked up and no information received from the customer, the BCF will be invoiced as above and the booking will be cancelled.

5. Some liners are charging BCF on every cancelled booking.

6. BCF will be invoiced to the customer and will be payable immediately on raising of BCF invoice to the Booking party.

You are kindly requested to take note of the same & plan your booking / shipment accordingly.

For any support or queries, please reach out to our Customer Service or Sales Support Desk.

We thank you for your partnership, trust and continued support.

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