CMA CGM rolling out late cancellation fee on North Europe - Indian, Gulf and Red Sea trades

CMA CGM aiming to reduce the number of late booking cancellations on the Europe to Indian sub-continent, Gulf and Red Sea trades with a cancellation fee.

The French container line is introducing a $150 per teu cancellation fee on all bookings cancelled or transferred within seven days or less of the vessel cut-off date on the trades. To be introduced from 1 June the cancellation fee will cover North Europe to the Red Sea, Middle East, India, Pakistan and Sri Lanka.

CMA CGM said that the cancellation fee was in response to large shortfalls in recent weeks due to late booking cancellations which prevented it from accepting bookings from other customers.

“Booking reliability will assist CMA CGM to efficiently allocate space and equipment in order to guarantee our customers’ needs and requirements,” the company said.

The cancellation fee will be invoiced to the booking party.

Posted 23 May 2017

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Marcus Hand

Editor, Seatrade Maritime News

Seatrade Offshore Marine Workboats stacked

Seatrade Offshore Marine and Workboats Middle East

Madinat Jumeirah, Dubai • 23 – 24 September 2019

Join nearly 3,000 powerful personalities and alight at the meeting point for the global offshore marine, specialist vessel and workboat industry.

Exhibitor Opportunities >