Surcharge

Surcharge and International Trade

Surcharge in International Trade

Meaning of Surcharge, according to the Dictionary of International Trade (Global Negotiator): An additional charge for services. Carriers typically assess surcharges for services that they provide, but for which the costs are not included in their base-rate freight prices. Typical transportation surcharges include congestion surcharges which compensate carriers for unusual long delays at crowded ports, currency adjustment factors (CAF), which compensate for exchange rate differentials, fuel adjustment factors, which cover unanticipated increases in the cost of fuel, and terminal handling charges (THC), which cover port-usage fees that are often port-specific.

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See Also

Import Surcharge