Lift on/Lift Off Destination HL-LOLOD
Definition
The Lift on/Lift Off Destination fee, abbreviated as HL-LOLOD, is a charge associated with the handling of containers at the port of destination. This fee is levied by the terminal operator or the shipping line for the service of loading (Lift On) and unloading (Lift Off) containers from the vessel. It primarily covers the use of specialized equipment, such as cranes, which are essential for the safe and efficient transfer of containers between the ship and the dock.
Typically, the shipping line or the terminal operator imposes this fee, and it is usually borne by the consignee or the receiving party, often through their freight forwarder. The context in which this fee applies is straightforward: whenever a container is physically moved on or off a vessel at the destination port, this charge is incurred. Billing can be based on a per-container basis, and the rates may vary depending on factors such as the container size and the specific port's tariff structure.
This fee is distinct from other charges such as terminal handling charges (THC) or demurrage fees, as it specifically pertains to the physical movement of containers rather than their storage or administrative processing. In practice, it is crucial for logistics professionals to be aware of and account for this fee when calculating total shipment costs. Ensuring clarity in shipping terms and verifying the inclusion of HL-LOLOD fees in freight quotes can prevent unexpected expenses. Moreover, understanding the specific port's tariff schedule and any potential variations in fees for different container types can assist in optimizing logistics planning and budgeting.
Summary
Hapag-Lloyd Lift-On/Lift-Off at Destination.