India's DG Shipping directs shipping lines to disclose fees upfront
→Pricing teams at shipping companies must publish all charges to exporters upfront
Change
India's DG Shipping ordered shipping companies and their agents to refrain from predatory, non-transparent pricing and to publish all charges to exporters upfront.
Why it matters
Exporters report war surcharges up to $4,000 on perishables and about $3,000 per 40-foot container. Exporters report cargo abandonment at certain ports.
Implications
- — Shipping firms must publish all freight and surcharge charges before shipment.
- — Shipping agents must record fee breakdowns on each booking before cargo acceptance.
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Source
View on Economic Times