If you’re looking for any information about wharfage, you will find the answer right here.
So, keep reading to learn more.
What Is Wharfage?
Wharfage is the handling and stowing of goods on the quayside during loading and unloading of cargo.
What Does Wharfage Mean In Shipping?
The port duty levied by the terminal operators on the ocean carriers for the handling of cargo ;( loading and unloading) on the wharf.
What Is Wharfage Charge?
Wharfage charge is the sum received as the fee imposed to the ocean carriers by the terminal operators to cover the handling and stowing of goods on specifically a wharf.
How Much Does Wharfage Fee Cost?
Wharfage fee costs directly proportional to the weight/quantity level of revenue tonnes of a cargo/goods.
Where a ship loads or unloads at the wharf site on a specific time
Who Issues Wharfage Charge?
The terminal operator issues the wharfage charge to the shipper.
Is Wharfage Charged In Both Inbound And Outbound Movement?
Yes, wharfage is charged on both inbound and the outbound movement.
Exceptional on wharfage charges only applies in consideration to the type of items moving along the terminal;
Such as the stevedoring equipment is exempted from wharfage.
What Does Wharfage Tariff Rate Mean?
This is the existing set rates of the specific fixed charges that are set by the authority in charge of the port services revenues.
The charges are fixed as set and are used by the terminal operators in relation to the revenue tonnes of the cargo or the shipment.
Which is brought on board at the wharf site, for loading or unloading.
Is Wharfage The Same s Demurrage Compare?
Demurrage is a cost imposed to the importer of a shipment for a delay on pick-up of cargo from the port in regard to the fixed agreed period.
While, wharfage is imposed for the handling and stowing of cargo on a wharf.
Demurrage increases as the shipment continues to delay at the port.
While, wharfage rates are fixed by the authorities to be levied on cargo handled at the wharf in relation to the revenue tonne of the cargo.
Demurrage is a form of compensation imposed as charges for the detention of delayed goods.
While, Wharfage is the wharfs duty collectively when handling cargo specifically on loading and unloading.
The claim for demurrage ceases immediately the ship clears out and gets ready for sailing.
While, wharfage duty is paid for the privilege of using a wharf for loading and unloading.
When Should You Consider Wharfage?
One should put wharfage into consideration when;-
-Expecting a shipment that requires a wharf for safe unloading of a cargo from the vessel.
-when one has a cargo that requires safe loading to the vessel at the wharf site.
-For safe embarkation of passengers moving along the ocean.
-For safe disembarkation of passengers travelling by water.
Why Does A Wharfage Charge Occur?
Wharfage charges occur to justify the imposed levies to the services offered on the wharf site by the terminal operators to the ocean carriers.
The charges also determine the revenue generated for a specified period of time from the services offered by the port.
Does Wharfage Charges Increase With Time?
Different ports of entry for different countries have a set of different wharfage charges.
Wharfage charges operate on a fixed rate set by the authority, here the (terminal operators), to function within a period of one year.
When setting new charge rates, wharfage charges may increase or decrease depending on the fluctuating currencies and other port services.
How Is Wharfage Calculated?
Wharfage is calculated in consideration to the quantity level of the revenue tonnes that a ship loads or unloads at the quayside site.
The (Revenue Tonne) is the greater of mass or volume when it is measured in units of tones, kilo litres or in cubic metres.
Can Wharfage Charges Be Avoided?
Whenever there is a usage of the wharf site for providence of handling services such as, loading and unloading, then the charges cannot be avoided.
What Is Wharfage And Dockage Compare?
Dockage is the charge that is the generally assessed when the vessel berths at a wharf.
While, wharfage is the charge that is solely imposed for the use of a wharf, it does not involve charges for other services.
Dockage is a duty imposed for the use of a dock by a vessel.
While, Wharfage is a duty imposed for using a wharf.
Both wharfage and dockage are basic necessities, they are both relevant terminus of all the voyage.
Do Wharfage Charges Apply In LCL shipments?
LCL Shipment is a win-win for both the exporters and the company responsible for shipping.
LCL applies when the cargo package size is significantly less than the maximum load size a container can carry.
Wharfage charges applies in LCL shipments as well as long as the cargo transported is docked at the wharf for handling.
Are Wharfage Charges Negotiable?
Wharfage charges are not negotiable.
The charges/rates are fixed by the authorities.
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