Wharfage

Posted in Operations and Supply Chain Terms, Total Reads: 674
Advertisements

Definition: Wharfage

It refers to the fee charged by the freight terminal on passage of the cargo or merchandise through it. It doesn’t include charges like sorting, weighing, marking, sampling, inspecting, loading, unloading, demurrage and any other charge by state or central government.


Wharfage is charged on both inbound and outbound movement. It depends upon the item transported through the terminal. Some goods and vehicles are exempted from wharfage. Example, Stevedoring equipment used in loading or unloading cargo at the port has been exempted from wharfage.


Wharfage is changed from time to time and notified through circular which contains list of items for which wharfage is applicable or exempted. This circular also consists of detailed rules and regulations of such charges.

 

Browse the definition and meaning of more terms similar to Wharfage. The Management Dictionary covers over 7000 business concepts from 6 categories.

Search & Explore : Management Dictionary



Share this Page on: