5 Factors that influence container shipping costs
5 Factors that influence container shipping costs
Due to shipping’s close connection to the economy, even the smallest shifts in the markets may have a significant influence on global commerce, supply, and demand.
Shipping costs are determined by volume, route, and port and carrier fees. However, there are also outside variables that have a significant impact on container shipping rates, but over which shippers have little influence.
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General Rate Increase
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Shipping peak periods
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Emergency Bunker Surcharge (EBS)
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Limited trucks
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Additional ocean freight fees
Simply put, there is no way to plan for delayed expenses like demurrage and detention, as well as fees from customs inspections. These charges are never included in container shipping prices, yet they have a significant impact on your overall shipping expenses.
Even though most of these fees are out of the shipper’s control, there are several things the shipper may take to reduce the likelihood of paying them. These include completing all paperwork accurately and submitting it on schedule. The slightest inconsistencies in your documentation might set off alarms, leading customs to decide to inspect your package. And both the origin and the destination may experience this. Making sure all your “i”s dotted and “t”s crossed can greatly lessen the possibility of your shipment being held for inspection and incurring delay costs.
Another option to avoid paying these additional fees is to plan your shipping in advance, which allows you enough time to adequately prepare your goods. Additionally, you have enough leeway in your shipment schedule to be flexible, which helps you avoid some of the other challenges discussed before, such as the busy season and issues with transportation shortages.
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