3. For items marked with "M", the freight thereon is to be calculated per cubicmeter on the measurement of the cargo, three digits of decimal fraction being taken if less than one cubic metre.
4. For items marked with "W/M", the freight thereofis to be calculated at the higher rate.
5. For items marked with "Ad Val,", the freight is to be calculated on the basis of the FOB value ofthe cargo concerned,
6. For items marked with "Ad Val. or W[M", the higher rate is applicable.
7. Where different articles are contained in one package, the highest rate of freight is applicable.
8. Where the same kind of commodity in different packing is to be subject to different rates, the gross weight and measurement in different packing should be indicated separately, failing which the higher rate shall apply.
9. In case two or more commodities are contained in one bill of Jading, the respective gross weights and measurements thereof should be furnished, failing which the highest rate shall be applied.
There are separate rates which are usually higher than those for general cargo, In addition, special rates are available for homogeneous commodities in bulk, such as grain, oils, beans, minerals, etc. These commodities are cheaper in value, easier to handle and take less time in loading and discharging but are bulky in volume and quite likely occupy less space than is needed roy general cargo. There are also freight rates for containerized trat-fic.
Bill of Lading
The most important document when shipping goods by ocean freight is the bill oflading.
The bill oflading is:
a receipt of your goods given to you by the shipping company; a document of title to the goods; evidence of a contract by the shipping company to carry the goods from your port to the prot of destination.
The exporter obtains the bill of lading from the shipping company and completes it himself or gets his freight forwarder to do it. It is then returned to the shipping company. Bills of lading are normally made out in sets, which consist of a number of originals (usually three) and a number of copies.
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