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BL FEE USD (KDV) BFU

Abbreviation
BFU
Short code for this term
Category
Fees & Surcharges
Ocean freight fee type
Index
B
Alphabetical index letter

Definition

The Bill of Lading Fee, abbreviated as BFU, is a charge associated with the issuance of a Bill of Lading, a critical document in the international shipping process. This fee is collected by the shipping line or the freight forwarder responsible for handling the shipment. The party responsible for paying this fee is typically the shipper or exporter, as the Bill of Lading serves as a receipt for the cargo and a document of title, essential for both the transportation and release of goods.

The BFU is denominated in U.S. dollars and includes applicable taxes, such as KDV, which is relevant in certain jurisdictions. The fee covers the administrative costs involved in preparing, processing, and issuing the Bill of Lading, ensuring it is accurate and complies with international shipping standards. It is crucial for the smooth transit and delivery of goods across borders, serving as proof of the contract of carriage between the shipper and carrier.

In practice, the amount of the BFU can vary depending on the shipping line, the nature of the goods being transported, and the specific routes involved. It is important for shippers to understand that this fee is separate from other charges such as freight costs, terminal handling charges, or customs duties. Unlike some other logistics fees, the BFU is directly linked to the documentation process and therefore remains a constant necessity in international trade.

For logistics professionals, careful attention must be paid to the terms under which the BFU is applied, as discrepancies in documentation can lead to delays or additional charges. Clear communication between the shipper, freight forwarder, and carrier is essential to ensure that all fees are accounted for and that the Bill of Lading accurately reflects the shipment details.

Summary

Bill of Lading Fee in USD including applicable taxes (KDV). Denominated in U.S. dollars for international settlement.