Global Rate of Exchange (ROE) Rule
17 Feb 2010
Hapag-Lloyd will standardize the Rate of Exchange (ROE) determination applied for the invoicing process
with effect from April 01, 2010 Hapag-Lloyd will standardize the Rate of Exchange (ROE) determination applied for the invoicing process.
The following criteria are relevant for the ROE determination :
- ROE application date for Prepaid (Export) invoicing
7 days before departure date at port of loading of the first vessel - ROE application date for Collect (Import) invoicing
7 days before arrival date at port of discharge of the last vessel - Main line vessel and feeder vessel
The first / last vessel is considered, this includes feeder vessel - Saturday, Sunday and Public Holidays
If the ROE date calculation results in a Saturday, Sunday or Public Holiday the first available business day before the event will be taken. - Selling rate
Direct conversion with the local selling rate - Are schedule delays considered?
The ROE date may be adjusted until 8 days before vessel departure / 8 days
before vessel arrival respectively. From day 7 onwards the ROE date is fixed and will not change.
Global Rate of Exchange (ROE) Rule
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