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RULE REVISION HISTORY
Rule 7.1 – EXTENSION OF CREDIT FOR PAYMENT OF FREIGHT CHARGES

Revision
Number
Published
Date
Effective
Date
Title
There are no revisions published for this Rule.

Displaying: Original Published Date: 01/20/2016
RULE: 7.1 - EXTENSION OF CREDIT FOR PAYMENT OF FREIGHT CHARGES	
Effective 1/20/16
	
   
a. Carrier or its duly authorized agent, may, upon request of the Shipper, Freight Forwarder, 
Consignee or Beneficial Cargo Owner, extend credit to the party listed in the B/L as responsible for 
the payment of freight and charges, in amounts not to exceed freight, assessorial, terminal and/or 
advanced charges.  The credit period shall be 7 (seven) calendar days from the date of delivery of 
cargo in the case of collect shipments or from the date of originating Carrier's cargo receipt in the 
case of prepaid shipments.
     
b. If freight and/or other charges are NOT paid within the credit period specified above, the Carrier 
will cancel the delinquent party's credit privileges after which time ALL freight and assessorial 
charges applying on shipments moving for the account of such party MUST be paid in cash, cashier's 
check or money order at the time, or prior to the time, cargo is tendered to originating Carrier for 
transportation. 
     
c. If any party responsible for the payment of charges fails or refuses to pay lawful freight and/or 
other charges due as specified above, Carrier shall be entitled to recover all collection costs 
incurred, including but not limited to, the past due fee named in   paragraph c. above, reasonable 
collection agency fees, attorney's fees and court costs.






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