Glossary

Would you like to know what a certain transport term means? Click on the first letter of the term below.

Currency Surcharge

When the cargo is payable in foreign currency and this currency is subject to major exchange rate fluctuations, the shipping company sometimes levies a currency surcharge or CAF (Currency Adjustment Factor) so as to compensate for those exchange rate risks. It is often charged on the basic sea freight as a percentage.

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