What is OTHC shipping?
OTHC(“origin terminal handling charges”) port related expenses; DTHC (“destination terminal handling charges”) – unloading port expenses; ISPS or SEC (“security charges”) – port security related expenses; DOC FEE – documentation fee.
What does OTHC stand for?
OTHC
| Acronym | Definition |
|---|---|
| OTHC | Occupational Therapy in Health Care (journal; East Carolina University) |
| OTHC | Origin Terminal Handling Charges |
What is destination terminal handling charge?
Terminal Handling Charges are made by operators of container terminal facilities at both ends of the journey. However we will focus here on the charges made for the movement of containers at the destination terminal, i.e. unloading of the container from the arriving vessel and its transfer to the consignee’s vehicle.
What are Lolo charges?
Equipment Handover Charge (Lo/Lo) Covers the costs and administration of releasing containers for import Merchant Haulage. Not applicable for Shippers’ Own containers. Export Documentation Charge. Administration fee for preparation, validation and issue of export Bills of Lading.
What CFS is for in shipping?
CFS stands for Container Freight Station and refers to a warehouse where cargo that belongs to various exporters or importers is consolidated or deconsolidated before being exported or imported.
What is the purpose of CFS?
A CFS stands for Container Freight Station (CFS). It is a warehouse station responsible for the consolidation or deconsolidation of cargo before the products/goods are imported or exported. The station is involved in an export-import transaction, both at the point of origin as well as the destination.
What are the functions of CFS?
Functions and responsibilities of CFS
- Receives and consolidates LCL shipments for export.
- De-consolidates container at destination and dispatches shipment for final delivery.
- Prepares container load plan.
- Stuffs and de-stuffs containers (for both LCL and FCL cargo)
- Marks and seals containers for identification.
What does FOB and EXW mean?
With Ex works, the seller makes the product available at a designated location, and the buyer incurs transport costs. With Free on Board, the seller is responsible for the goods until they are loaded on a shipping vessel; at which point, all liability transfers to the buyer.
What is the difference between EXW and DDP?
Under the term EXW, the buyer is responsible for all aspects of the shipment, even packaging of the goods under some circumstances. On the other hand, DDP requires the seller to take responsibility for delivering the goods, and paying all fees, from the seller’s warehouse all the way to the buyer’s final destination.
Who pays freight on DDP?
seller
What does DDP shipping terms mean?
Delivered duty paid
What does Inco terms DDP mean?
Delivered Duty Paid
Is DDP shipping good?
Yes, DDP terms are perfectly legit and used a lot in B2B transactions around the world. The problem is that many Chinese suppliers have a different understanding of what DDP stands for, so they use it illegally.
What is FOB and DDP?
DDP vs FOB Free on Board (FOB) is a commonly used shipping option. FOB means the buyer bears all costs and responsibility once the goods are on board. The difference between DDP and FOB terms is the seller manages delivery and associated costs with DDP while the buyer is responsible with FOB.
Is DDP safe?
DDP helps the buyers not get swindled. Since the seller assumes all the risk and cost of shipping products, it’s in their best interest to make sure customers actually receive what they ordered. The time and cost associated with DDP shipping are too big of a burden for scammers to even consider using it.