BEIJING is cracking down on shipping lines for rate filing irregularities, in a campaign supposedly to reduce surcharges and encourage China's exports and imports.
The Ministry of Transport earlier last week fined eight container carriers - Casco and Maersk among them - CNY1.5 million (US$231,157) for not reporting or misreporting charges.
"The system has always been there, but the enforcement seems much stricter this year," a source from Shanghai Shipping Exchange told Lloyd's List.
China established a nationwide freight rate registration system for international container companies in 2009, and appointed SSE to help receive and monitor the filings of freight rates.
In 2013, the Moot improved the system by requiring shipping lines to provide details on additional charges, including terminal handling charges and documentation fees, in their reports.
Now carriers will be subject to penalties should any of these items be found to be priced differently from what had been earlier reported.
Among those fined were Gold Star, PIL, Maersk, Samsung, Cheng Lie Navigation, Casco, Hanjin and Zim.
WORLD SHIPPING
03 January 2016 - 21:16
Beijing fines carriers for charging more than what they declare they charge
BEIJING is cracking down on shipping lines for rate filing irregularities, in a campaign supposedly to reduce surcharges and encourage China's exports and imports.
WORLD SHIPPING
03 January 2016 - 21:16
Beijing fines carriers for charging more than what they declare they charge
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