HMM Announces MMR Surcharge
As a service to our Metal Scrap export accounts in the USA and Canada, HMM will file a Metal
Scrap M&R Surcharge (MMR) on the tariff for effect October 1, 2012. The surcharge will apply
to all container loads of metal scrap for export to the Pacific Rim countries in the amount of
USD65/container.
The surcharge will be added to all bills of lading on a per unit basis regardless of the container
condition at destination. The quantum is intended to compensate the carrier for the
aggregated cost of container repairs widely associated with the carriage of metal scrap.
For the Buyer & Seller, the new surcharge will take the guess work and uncertainty out of
dealing with equipment repair invoices issued in Asia when a container is returned to the
carrier in a damaged condition. Depending on the terms of the sale, the shipper or consignee
can now incorporate the surcharge into their proforma cost for completely accurate calculation
of landed cost. All parties involved in the transaction can avoid any conflict concerning
responsibility for equipment damage and be confident in hassle free shipping with Hyundai...
No more haggling & no more ‘surprises’ that unexpectedly squeeze profits.
About Hyundai Merchant Marine
HMM is an integrated multi-modal transportation company operating over 110 state-of-the-art
ocean-going ships in more than 40 sea routes to over 100 ports of call. The Hyundai worldwide
headquarters is in Seoul, Korea; and their Americas headquarters is located in Dallas, TX. Go to
www.hmm21.com for more information.
Scrap M&R Surcharge (MMR) on the tariff for effect October 1, 2012. The surcharge will apply
to all container loads of metal scrap for export to the Pacific Rim countries in the amount of
USD65/container.
The surcharge will be added to all bills of lading on a per unit basis regardless of the container
condition at destination. The quantum is intended to compensate the carrier for the
aggregated cost of container repairs widely associated with the carriage of metal scrap.
For the Buyer & Seller, the new surcharge will take the guess work and uncertainty out of
dealing with equipment repair invoices issued in Asia when a container is returned to the
carrier in a damaged condition. Depending on the terms of the sale, the shipper or consignee
can now incorporate the surcharge into their proforma cost for completely accurate calculation
of landed cost. All parties involved in the transaction can avoid any conflict concerning
responsibility for equipment damage and be confident in hassle free shipping with Hyundai...
No more haggling & no more ‘surprises’ that unexpectedly squeeze profits.
About Hyundai Merchant Marine
HMM is an integrated multi-modal transportation company operating over 110 state-of-the-art
ocean-going ships in more than 40 sea routes to over 100 ports of call. The Hyundai worldwide
headquarters is in Seoul, Korea; and their Americas headquarters is located in Dallas, TX. Go to
www.hmm21.com for more information.