Lift up to 10 Ton LFT
Definition
The "Lift up to 10 Ton" fee, commonly abbreviated as LFT, is a charge imposed for the use of specialized lifting equipment to handle cargo weighing up to 10 tons. This fee arises from the need to utilize cranes, forklifts, or other heavy machinery to safely and efficiently load or unload goods at ports, warehouses, or logistics centers. Typically, this fee is collected by the terminal operator or the logistics service provider responsible for cargo handling operations. The payment of the LFT fee is usually the responsibility of the cargo owner or their appointed freight forwarder, as part of the overall logistics and transportation costs.
The LFT fee is applicable in scenarios where manual handling is impractical due to the weight and size of the cargo, thereby necessitating the use of mechanized lifting solutions. The fee is calculated based on the weight of the cargo, with the specified limit being up to 10 tons, and it may vary depending on the specific equipment and labor required for the operation.
It is important to differentiate this fee from other handling charges such as the "Lift on/Lift off" (LO/LO) charges, which specifically pertain to the lifting of containers onto or off transportation vehicles at a terminal. In practice, logistics professionals must ensure that all relevant information regarding cargo dimensions and weight is accurately communicated to avoid discrepancies or delays. Additionally, it is advisable to confirm the inclusion of the LFT fee in any cost estimates provided by logistics service providers to ensure transparency and avoid unexpected expenses.
Summary
Lift fee for cargo up to 10 tons using lifting equipment.