Surplus freight
Gaurav Jain
(Querist) 18 February 2012
This query is : Open
Respected Sir (/s),
An Indian Shipping Agent collects Surplus (excess) amount on the freight invoice from the Importer or exporter as they are not aware of the exact amount (dollar rate fluctuation)on behalf of the Foreign Shipping Company by a Shipping Agency Agreement.
Suppose the Importer exporter do not apply for refunds or adjustments against future transactions, till how much time the Indian Shipping Agent should keep the excess amount with itself. Whether it can forward the same to the foreign shipping company since the excess amount have accrued on the invoice though the foreign shipping company have not provided any service for the same.
