Wharfage Fees
In the maritime context, wharfage fees refer to the charges levied by a port or harbor for the handling of cargo that passes over, onto, or through the wharf. These fees are typically assessed per ton of cargo and are used to cover the costs associated with the maintenance and operation of the wharf. The wharfage fee is usually paid by the ship owner, charterer, or cargo owner, depending on the terms of the contract of carriage. The amount of the wharfage fee can vary depending on the type of cargo, the size of the vessel, and the specific port or harbor. It's an essential part of the overall cost of maritime transport and can significantly impact the competitiveness of a port. Wharfage fees are typically set by the port authority and can be subject to change based on market conditions, regulatory changes, or infrastructure improvements.
Your Previous Searches
Random Picks
- Position: In maritime context, position refers to the geographic location of a vessel at a given time. It is determined by using navigational instruments such as GPS, radar, and charts. The position of a vessel is crucial for safe navigation and coll ... Read More >>
- Fasteners: Fasteners are hardware devices that are used to mechanically join or affix two or more objects together. In the maritime context, fasteners are used extensively in shipbuilding and repair. They are used to join various components of a ship, ... Read More >>
- Broker: A broker is a person or a company that acts as an intermediary between two parties, usually a buyer and a seller, in a maritime transaction. Brokers facilitate the buying and selling of ships, cargoes, and other maritime assets by providing ... Read More >>
Top News
Are underwater pipelines, cables being sabotaged in the Baltic Sea? Why?...
A series of unexplained events causing damage to pipelines and cables has occurred over two years....
News Source: Al Jazeera English on 2024-11-23
They’ve sailed across Southeast Asia for centuries. Now, these sea nomads are ...
The Bajau Laut have traditionally lived semi-nomadic lives on the ocean, but climate change and overfishing are driving them onto land, making them......
News Source: CNN on 2024-11-22
Exclusive: Arcade, visual storytelling platform, raises $14 million Series A led...
Arcade raised a $14 million Series A, led by Kleiner Perkins, Fortune can exclusively report....
News Source: Fortune on 2024-11-21
Adani Group shares plunge by double digits after U.S. accuses Indian billionaire...
Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani's net worth....
News Source: Fortune on 2024-11-21
Southeast Asian defense chiefs discuss regional security with US, China and othe...
Southeast Asian defense chiefs are meeting with China, the United States and other partner nations in Laos for security talks, which come as Beijing’s increasingly assertive stance in its claim to m...
News Source: ABC News on 2024-11-21