24.5 C
Friday, June 9, 2023
Evergreen Line
Evergreen Line
Evergreen Line
Home Freight News ONE implements weight discrepancy surcharge in Asia-Europe trade

ONE implements weight discrepancy surcharge in Asia-Europe trade

Ocean Network Express (ONE) has announced the imposition of a new penalty fee in case of incorrect declaration of cargo details at the time of booking.

The Singapore-headquartered container line explained that the Weight Discrepancy Surcharge (WDS) will be implemented if an incorrect statement of the load data is detected, including, but not limited to, the load weight, which deviates more than +/- 3TON / TEU from the final Bill of Lading Instruction details and Verified Gross Mass (VGM) documentation.

In relation to the VGM amendment and misdeclaration after VGM cutoff, the applicable amendment and misdeclaration fees shall apply to concerned shipments.

The WDS will be US$2,000 per container and will be valid from 1 July 2022 (booking receipt date). ONE noted that the fee will be implemented in the Asia - Europe trade, only for westbound sailings.

"The implementation of this misdeclaration penalty will support the operational safety
for everyone in the cargo handling network, both on shore and aboard ship," said ONE, adding that "the penalty fee also safeguards the commercial integrity of our agreements with all our customers."

Latest Posts

Range-bound composite indices, US-China rates spike as transatlantic rates drop

A string of General Rate Increases (GRI) starting in March-April hasn't helped the container spot rates.The Shanghai Composite Index which had a momentary upside...

Tideworks Technology introduces simulated training tool for tractor drivers at Mexican terminal

Tideworks Technology, a full-service provider of terminal operating system (TOS) solutions, announced the successful installation of its newest product DriverSIM at Manzanillo International Terminal...

Asyad Line expands REX service to Saudi Arabia

The Saudi Ports Authority (Mawani) confirmed the addition of Jeddah Islamic Port in Saudi Arabia to Asyad Line's REX service port rotation.The new cargo...

Maersk’s subsidiary Hamburg Süd hit by largest FMC fine

Hamburg Süd, owned by Danish giant ocean carrier Maersk, received the largest penalty from the Federal Maritime Commission (FMC) for the OJ Commerce (OJC)...

Port of New Orleans appoints new COO

Matthew Wypyski is the new chief operating officer (COO) of the Port of New Orleans (Port NOLA) in the United States.Wypyski succeeds Mike Stolzman...