Container lines covering Indian trades have begun to penalise customers, and more severely spot customers, for failing to fulfill their bookings as committed.
These charges are generally in the range of US$100 to US$400 per container for contract clients, while for walk-in customers, they are hovering at around US$1,000 per box.
Mediterranean Shipping Co. (MSC) will start applying no-show container penalties on Indian customers from 1 June.
“In view of our ongoing efforts to enable accommodate our...