Shipping from India and Pakistan? Avoid these costly fees

Avoid being on the receiving end of costly booking cancellation fees by staying informed about upcoming changes in shipping policies. Recently announced by Hapag Lloyd, a Booking Cancellation Fee (BCF) and Weight Deviation Fee (FIO) will be implemented for exports from India and Pakistan. Effective from February 5, 2024, for all non-FMC trades and from March 6, 2024, for all FMC trades, both fees will remain valid until further notice.

Details of the Fees:

India:

Booking Cancellation Fee (BCF): USD 300 per container

Weight Deviation Fee (FIO): USD 400 per container

Pakistan:

Booking Cancellation Fee (BCF): USD 200 per container

Weight Deviation Fee (FIO): USD 400 per container

Being mindful of these changes will help in managing shipping expenses effectively and ensuring smooth export operations.