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Hapag-Lloyd has become the latest container line to cut forwarding agents’ commission (FAC) as it tightens its belt for a challenging first quarter next year.
Many forwarders still rely on traditional FACs from carriers, but it is a practice that is fast dying out as the ...
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Comment on this article
John Roberts
December 03, 2015 at 2:26 pmIf you are a forwarder who relies on 2.5% FAC on rates which aren’t much more than $500 on the FE trade then you are in trouble
Mike Wackett
December 04, 2015 at 7:46 amEvery little counts for a small forwarder John.
My source here deals with Africa, where rates are higher and consequently a cut from 5% to 2.5% or zero has an impact.
And clearly Hapag recognise FAC as a cost that they can now ill afford.