Payment of Freight Charges
When freight or charges are prepaid, Bill of Lading must not be issued except upon payment of such freight of charges in U.S. Dollars or in foreign currency based on the highest (numerical) Telegraphic Transfer Selling Rate of Exchange for U.S. Dollars pursuant to Rule 3.
Collect freight and charges must be paid to the carrier prior to the release of cargo at the terminal ports of discharge.
Rates and Charges are quoted in United States of America Currency and have been determined with due consideration to the relationship of U.S. currency to ot6her currencies involved. In the event of any material change of this relationship, the carrier reserves the right upon publication if in conformity with the provisions of the United States Shipping Act of 1984 as well as the Ocean Shipping Reform Act of 1998 as amended, to adjust the rates and charges as required to remove any adverse effect.
In case the shipper instructs the carrier to collect on his behalf any amount, besides the applicable freight and charges under the bill of lading, the carrier shall do so in form of a Disbursement under said bill of lading.
In such case the carrier shall not facilitate the release of the cargo to the consignee or their authorized agents unless the disbursement amount has been paid in full.
The carrier shall collect in addition to the specified Disbursement Amount a Collection Fee of 10% of the Disbursement Amount.