VF VGM FEE

The Verified Gross Mass (VGM) Fee is a critical charge in international shipping, specifically related to the verification of a container's weight. This fee arises due to regulations set by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) convention, which mandates that the shipper must provide the verified weight of a loaded container prior to its being loaded onto a vessel. This requirement is instituted to ensure the safety of ships at sea by preventing accidents caused by incorrect weight declarations.

Typically, the VGM fee is collected by the shipping line or the terminal operator, depending on the processes in place at the port of loading. The fee is paid by the shipper or, in some cases, by the freight forwarder acting on behalf of the shipper. The fee covers the administrative and operational costs associated with verifying the container weight, whether through weighing services provided by the port or through the validation of documentation submitted by the shipper.

In practice, the VGM fee is applicable in scenarios where containers are loaded for export, and the charges can vary depending on the port and the facilities used. It is distinct from other charges such as terminal handling charges or documentation fees, as it specifically pertains to weight verification.

It's imperative for shippers and freight forwarders to ensure compliance with VGM requirements to avoid delays or penalties. Accurate and timely submission of VGM data is crucial, as failure to comply can lead to containers being refused loading, thus disrupting supply chain schedules. Understanding the specific procedures and costs associated with VGM at different ports can aid in efficient logistics planning and cost management.