• 3. Agency fees

Agency fees

 

"Scales of minimum agency fees for liner, tramp and passenger vessels" effective from 1 January 2007 issueb by the International Shipping Agencies Association of Korea.

 

Members should note that agency fees in the Republic of Korea remain subject to negotiation. The scales of minimum agency fees is issued by the International Shipping Agencies Association of Korea as a guideline only.

 

 

Scales of minimum agency fees

 

 

 

All fees are expressed in US Dollars.

 

1. Basic agency fee for dry cargo vessels (liner and tramp)
Within 5 days port time per port
One port discharging or loading
A) Including husbandry
a) Vessel under 10,000 DWT 2,090.00
b) Vessel over 10,000 DWT up to 50,000 DWT 2,995.00
c) Vessel over 50,00 DWT 
10% of b) rate, (10,000 - 50,000 DWT) for each additional 10,000 DWT. A fraction exceeding 5,000 DWT shall be counted as 10,000 DWT.
B) When vessel consigned to charterer's agents excluding husbandry
a) Vessel under 10,000 DWT 
(75% x above rate A)a) 2,090)
1,570.00
b) Vessel over 10,000 DWT up to 50,000 DWT. 
(75% x above rate A)b) 2,995)
2,245.00
c) Vessel over 50,000 DWT 
(75% x above rate A)c)
C) Owner's or charterer's protective and supervisory agents
a) Vessel under 10,000 DWT 
(65% x above rate A)a) 2,090)
1,360.00
b) Vessel over 10,000 DWT up to 50,000 DWT. 
(65% x above rate A)b) 2,995)
1,945.00
c) Vessel over 50,000 DWT 
(65% x above rate A)c))
Remarks:
a) In case the vessel loads or discharges at two or more berths (including anchorage) in the same port, 15% of the above corresponding rate for each additional berth and/or anchorage shall be added.
b) Fee for ocean-going tug with tow(s) shall be charged at the total DWT of tug and tow(s).
c) For vessel discharging and loading at the same port, 50% shall be added to the basic rate
2. Basic agency fee for tankers, liquid bulk and chemical cargo carriers
Within 5 days port time per port
One port discharging or loading
A) Including husbandry
a) Vessel under 10,000 DWT 2,090.00
b) Vessel over 10,000 DWT up to 50,000 DWT 2,770.00
c) Vessel over 50,000 DWT up to 100,000 DWT 3,225.00
d) Vessel over 100,000 DWT
10% of c) rate, (50,000 - 100,000 DWT) for each additional   50,000 DWT shall be added.
B) When vessel consigned to charterer's agents excluding husbandry
a) Vessel under 10,000 DWT
(75% x above rate A)a) 2,090)
1,570.00
b) Vessel over 10,000 DWT up to 50,000 DWT 
(75% x above rate A)b) 2,770)
2,080.00
c) Vessel over 50,000 DWT up to 100,000 DWT 
(75% x above rate A)c) 3,225)
2,420.00
d) Vessel over 100,000 DWT* 
(75% x above rate A)d)
C) Owner's or charterer's protective and supervisory agents
a) Vessel under 10,000 DWT 
(65% x above rate A)a) 2,090)
1,360.00
b) Vessel over 10,000 up to 50,000 DWT 
(65% x above rate A)b) 2,770)
1,800.00
c) Vessel over 50,000 up to 100,000 DWT
(65% x above rate A)c) 3,225)
2,095.00
e) Vessel over 100,000 DWT 
(65% x above rate A)d)
Remarks:
a) For vessel carrying chemical cargo, 30% shall be added to the above basic rate
b) In case the vessel loads or discharges at two or more berths (including anchorage) in the same port, 15% of the above corresponding rate for each additional berth and/or anchorage shall be added.
c) Fee for ocean-going tug with tow(s) shall be charged at the total DWT of tug and tow(s).
d) For vessel discharging and loading at the same port, 50% shall be added to the basic rate
3. Basic agency fee for liquefied gas carriers
Within 5 days port time per port
One port discharging or loading
A) Including husbandry
a) Vessel under 10,000 cbm capacity 2,510.00
b) Vessel over 10,000 cbm up to 50,000 cbm capacity 3,730.00
c) Vessel over 50,000 cbm capacity 4,230.00
B) When vessel consigned to charterer's agent excluding husbandry
a) Vessel under 10,000 cbm capacity 1,880.00
b) Vessel over 10,000 up to 50,000 cbm capacity 2,800.00
c) Vessel over 50,000 cbm capacity 3,175.00
C) Owner's or charterer's protective and supervisory agents only
a) Vessel under 10,000 cbm capacity 1,625.00
b) Vessel over 10,000 cbm up to 50,000 cbm capacity 2,420.00
c) Vessel over 50,000 cbm capacity 2,750.00
Remarks:
For vessel discharging and loading at the same port, 50% shall be added to the basic rate
4. Basic agency fee for special cargo carriers, but not less than the following rate:
A) Heavy lift cargo vessel 2,255.00
B) Salvage tug(s) 5,595.00
C) Reefer carriers:
a) Vessel under 100,000 CUFT capacity 1,740.00
b) Vessel under 200,000 CUFT capacity 2,645.00
b) Vessel over 200,000 CUFT capacity 3,905.00
D) Oil exploration vessels 5,595.00
     
  Remarks:
For vessel discharging and loading at the same port, 50% shall be added to the basic rate
 
5. Basic agency fee for passenger vessels
A) Vessel handling fee, within one week's port time per call
a) Vessel under 5,000 GRT, including husbandry 1,560.00
b) Vessel over 5,000 GRT up to 20,000 GRT, including husbandry 3,200.00
c) Vessel over 20,000 GRT, including husbandry 3,990.00
B) Attendance and service fee for passengers
a) Terminating passengers (except ferry boat passengers)
1) Disembarking per passenger 8.00
2) Embarking per passenger 4.00
b) Transit passengers
1) Under 200 persons 745.00
2) From 201 to 500 persons 1,120.00
3) From 501 to 1,000 persons 1,490.00
4) Over 1,000 persons 1,850.00
C) Passenger tickets
Commission for passenger ticket issue: 7.5% of the invoiced amount.
Remarks:
a) Transit passenger shall be construed to mean the same passenger who is to disembark from the vessel and rejoin the same vessel at the same port or another port in the territory of the Republic of Korea.
b) Fees for other services not enumerated in the above are to be assessed by the items indicated under the tariff of cargo vessel.
6. For various services rendered other than cargo operations, the following basic agency fees shall be charged as the case may be:
Within 5 days port time per port
A) Bunkering and/or stores supply 1,300.00
B) Dry-dock and/or repairs 2,170.00
C) Delivery or re-delivery of vessel 1,300.00
D) Sale or purchase delivery (incl. crew joining, repatriation and/or dry-docking) 5,400.00
E) Sale or purchase delivery (excl. crew joining, repatriation and/or dry-docking) 3,230.00
F) New shipbuilding (incl. crew joining, but excluding spare parts and store supply) 6,460.00
G) Tank cleaning, any size or duration 2,170.00
H) Arrangement of pilot and/or quarantine inspection (for vessel proceeding to other port) per port/case 890.00
7. Cargo commission for liner vessels/liner cargo
A) Outward cargo:
For all cargo shipped to a vessel from the agency area.
Minimum of 6% on the ocean freight.
B) Inward cargo:
For all cargo discharged from a vessel into agency area.
Minimum of 3.5% on the ocean freight.
C) Conversion rate for payment of cargo commission shall be based on telegraphic transfer buying rate of Korean Won on vessel's arrival date.
D) Definitions:
The ocean freight shall be construed to mean the freighted amount as manifested, from the place of origin to the place of delivery, accruing to owners/principals.
8. Container logistics and administration charges
Container control, inventory and co-ordination service fee for full or empty including owned, leased or new building.
A) Loaded or discharged, per container 12.00
B) Reefer containers: 50% of additional premium of the above amount to be assessed
9. Additional Fees
The following fee shall be charged in addition to the above basic agency fees, as the case may be.
A) Vessel staying in port over 5 days, per day 125.00
B) Handling of spare parts and stores, forwarded from or despatched abroad and requiring customs clearance, per case 155.00
C) Handling fee for crew matters
a) Sickness or injury per man:
Outpatient (per week) 115.00
Hospitalised: first two weeks 200.00
thereafter per week 115.00
b) Joining, repatriation and/or transfer:
Number of crew Per person
1 - 5 persons 115.00
6 - 10 persons 105.00
11 - 15 persons 100.00
Over 16 persons 95.00
c) Deserters or stowaways, per case 900.00
d) For handling deceased seaman, per case 1,785.00
e) When agents take care of ship's crew, committed violation of the laws of the Republic of Korea, minimum per case 900.00
Remarks:
When required to attend to crew matters only without being appointed as owner's protective and supervisory agents in each of the above sub-paragraph a) to e), the fees shall be increased by 50 percent.
D) When agents are to take care of breach of customs regulations 1,130.00
E) Postage and petties, per port 140.00
F) Visa handling fee per case 125.00
G) Handling of cash advance to Master, per case 
(maximum USD 10,000)
140.00
Over USD 10,000 cash advance subject to 
negotiation
H) When vessel loads/unloads berth terms cargo where the cargo commission is not applicable, per port 1,195.00
Remarks:
In cases where number of bills of lading being issued or handled exceeds 2 sets, Korean Won 55,000 per set shall be added to above (H) basic rate.
I) Attendance fee for oil pollution, sea casualties or any legal matter involving vessel, minimum fee less than a month 1,785.00
Thereafter per month 1,510.00
J) General average: subject to negotiation, but not less than minimum per vessel 2,225.00
K) Documentation fee per each B/L or D/O
(At cargo shipper's or consignee's account)
Won 19,000
10. General Provisions
A) The level of fees herein shall be freely contracted by all the parties in accordance with the stipulations of these minimum scales.
B) Member firms shall obtain advance remittances covering the full port charges prior to vessel's arrival at Korean ports and shall not be held responsible for any vessel delay resulting from the full port charges not having been received from owners/principals before vessel is due to sail.
C) Unless full funds are received in advance, member firms shall charge an additional 2.5% of the total funds requested (cash advance to Master) and the total disbursements incurred on account of each vessel.

Settlement of disbursements is to be made within one month after presentation of accounts and unless otherwise, the current bank rate of interest shall be charged.
D) Owners' husbanding representation and expenses are, in principle, the responsibility of the vessel's owners or their agents. In the absence of owners' agents, the disponent owners are to assume full responsibility thereof on behalf of the owners and to protect the agents for all outlays including any additional agency fees, without reservation, as if the vessel were owned by the disponent owners.
E) Duration of the vessel's stay in port shall be counted from arrival to departure of the vessel in each port. The arrival time shall be the time when vessel actually arrived at inner or outer harbour of each port.
F) The scales herein shall be applied to all the vessels to which agency services are rendered, regardless of vessel's nationality and flag.
G) The scales shall go into effect as from 1 January 2007.


 

 

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