„Prepaid Charges“

What does Prepaid Charges stand for?

In transportation, this term may mean that all charges, including freight, are to be paid by the shipper. Or, it may mean that only those charges designated as “prepaid” are to be paid by the shipper with other charges to be collected from the receiver. Which charges are which are generally decided by prior agreement.

Source:

Branch, Alan E. (2007). Maritime Economics: Management and Marketing. Ashgate Publishing, Ltd. Pages 145-147.

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