Prepaid Freight Charges
Prepaid freight charges are shipping fees that are paid in advance by the sender rather than collected from the recipient upon delivery. This strategy is often used in international shipping to ensure that all transportation costs are paid before the cargo arrives at its destination. Prepaid freight charges often cover the cost of the primary shipment route, which includes transportation, processing, and other associated costs.
CargoWise simplifies the handling of prepaid freight charges, allowing for complete visibility into shipment expenses. This feature instantly updates the sender’s accounting system when prepaid costs are completed, providing for better financial planning and control. It also helps to minimize shipping cost disputes between the sender and the receiver because the charges are established and paid in advance. Companies that handle prepaid freight costs with CargoWise can better manage their freight bills and maintain more accurate financial records.