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SOLAS VGM SV

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

Definition

The SOLAS VGM (Verified Gross Mass) fee is an essential charge in the international shipping industry, mandated by the International Maritime Organization’s Safety of Life at Sea (SOLAS) regulations. This fee arises from the requirement to verify the gross mass of a container before it is loaded onto a vessel. The verification process ensures the safety of maritime operations by preventing overweight containers from being improperly stowed, which can lead to cargo shifts, vessel instability, and potentially catastrophic consequences.

Typically, this fee is levied by the shipping line or a third-party service provider responsible for weighing the container, and it is paid by the shipper or their designated freight forwarder. The fee covers the cost of using certified weighing equipment and the administrative process of submitting the verified weight information to the carrier and relevant port authorities.

In terms of applicability, the SOLAS VGM fee is incurred each time a container is shipped internationally and is calculated based on the service provider's pricing structure, which may vary depending on the terminal or region. It is distinct from other shipping-related charges, such as terminal handling charges or demurrage, as it specifically pertains to the verification of the container's weight.

From an operational standpoint, shippers must ensure that they provide accurate weight information prior to the cut-off time specified by the carrier. Failure to comply with these regulations can lead to delays, fines, or the refusal of container loading. It is crucial for logistics professionals to incorporate VGM compliance into their standard operating procedures to avoid disruptions and ensure smooth shipping processes.

Summary

SOLAS VGM (Verified Gross Mass) charge for container weight verification as required by SOLAS regulations.