Logistic Services

BIF - Bond in Force. This is equivalent to the duty/tax amount that would be payable if the shipment was imported into the country. For shipments going into bond forwarder is required to set up a collateral equivalent to the amount of the bond. Bond fee is a % of the BIF. Bond is then cancelled once goods are withdrawn from bond and exported or when client is ready to pay duty.

BL Amendment fee

BL Surrender fee

The Bunker Recovery Adjustment Factor is applicable on monthly basis for the short-term contracts only (excluding any contract subject to quarterly floating BAF mechanism) to reflect the significant increase in the bunker rates.

Bunker surcharge NOS