Wharfage is the practice of confirming or validating receipts or shipments based on their weight. This is important in logistics because it helps to ensure that goods have been properly received or shipped and that they are the correct items. Wharfage can be used to verify both inbound and outbound shipments.
In order to calculate wharfage, weigh tickets must be issued for each shipment. The weight of the shipment is then multiplied by the wharfage rate, which is set by the port authority. This fee covers the costs of loading and unloading ships at the docks.
Some ports also charge an additional fee for the storage, known as demurrage. This fee is charged if shipments are not unloaded within a specified time frame.
- Wharfage is an important part of the logistics process, as it helps to ensure that goods are moving through the supply chain in a safe and efficient manner.
- It also provides revenue for the ports where shipments are received or sent.
- With proper planning and good management practices, wharfage can be handled smoothly and with minimal cost.
What is a Wharfage Charge? – More Than Shipping
What is wharfage?
What is Wharfage? Definition and meaning
Common Terminology: Logistics and Transportation – Samuel Shapiro & Company, Inc.
WHARFAGE (WFG) / WHARFAGE ORIGIN (WFO) – Customs Broker, Freight Forwarding & Trade Compliance Services
Wharfage (Whfge.) – Global Source Logistics, Inc.
Understand the Costs of all Shipping Types [Guide 2019]
INCOTERMS – ACT Logistics