Rule Currency Adjustment Factor

 

 

Publication Date: 06/27/2019

Effective Date: 08/04/2019

Through Date:

Expiration Date:

Amendment Code: I, A

Special Use Number:

Request # TOMJONE306

 

If payment is made within 15 days from the date of arrival of vessel, the rate of exchange to be calculated will be the Commercial Bank U.S. Dollar selling rate in effect in the country at the time of arrival of vessel. If payment is not made within the prescribed 15 calendar days, the rate of exchange will be the Commercial Bank U.S. Dollar selling rate in effect on the date of arrival or date of payment, whichever is greater.

Applicable in Trinidad only: All Freight Collect shipments paid in Trinidad and Tobago dollars (TTD) will be assessed a currency adjustment of 7% on the total freight charges. This will apply at the time payment is made.