7 costs associated with sea freight imports that you should bear in mind

When discussing sea freight, it is easy to focus solely on the freight rate. However, the final cost of an import can rise considerably if the operation is not planned properly.

Here are some of the costs you should keep under control:

1. Demurrage and detention. If the container remains at the terminal or off-site for longer than the time allowed by the shipping line, additional daily charges may apply.
2. Storage. A delay in customs clearance or in collecting the goods may result in terminal storage charges.
3. Inspections. Depending on the type of goods, checks or inspections may be required, which can involve additional time and costs.
4. Documentation issues. Errors in the commercial invoice, packing list, Bill of Lading or other documents can delay the clearance of goods and lead to unexpected costs.
5. A misinterpreted Incoterm. FOB, CIF, CFR, EXW… It is essential to know which costs and responsibilities actually fall to the buyer and the seller.
6. Costs at origin and destination. Sea freight is only part of the cost. Handling, terminal charges, documentation, customs clearance and inland transport must also be taken into account.
7. Delays. Sometimes this is the most significant cost. Receiving goods late can lead to stock shortages, production delays or even lost sales.

Planning saves money. In logistics