China: new rules on container export shipments

From February 15, 2014, Circular 64 [2013] Implementing Rules of Precise Rate Filing came into effect.  Pursuant to the Circular, international container carriers are required to observe and implement precise freight filing on all Export shipments from China with Shanghai Shipping Exchange (SSE).

The Circular also stated the following: 
1. A Carrier can only sign contracts with actual Beneficiary Cargo Owners (BCO) and MoT certified NVOCC.
2. All Contract price and rates will only be valid after 24 hours of filing with the SSE. 
3. The list of certified NVOCCs can be found on MoTs website  
4. Only contractual customer name or that of its associated entities for a service contract can appear on B/L. 
5. All cost, shipment delay or penalties incurred as the result of violation of Circular rules will be on the account of cargo holder.

 

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