Quayage, also known as keyage, is a fee imposed for the loading or unloading of goods on a quay or wharf. It functions similarly to a toll, requiring payment for the use of the designated space.
Quayage, also known as keyage, is a fee imposed for the loading or unloading of goods on a quay or wharf. The port authority required the shipping company to pay quayage for unloading their cargo at the wharf, which was quite costly for unloading a container of goods at the quay. These instances illustrate that quayage is a fee charged for the loading or unloading of goods at a quay or wharf.
Quayage refers to the fee charged for the use of a quay or dock for loading or unloading goods from a ship.
Typically, the party responsible for paying the quayage fee is the owner or operator of the ship or vessel using the quay.
The quayage fee is usually calculated based on the size of the ship, the duration of its use of the quay, and any additional services provided, such as storage or handling of goods.
In some cases, the quayage fee may be subject to negotiation, especially for long-term or frequent users of the quay. However, this will depend on the specific terms and conditions set by the quay owner or operator.
The regulations governing quayage fees can vary depending on the jurisdiction and the specific quay. It is important to consult local laws and any agreements or contracts in place to understand the legal framework surrounding quayage fees.
If there is a disagreement or dispute regarding the quayage fee, it is advisable to refer to any contractual agreements or local laws that govern the use of the quay. In some cases, mediation or legal action may be necessary to resolve the dispute.
If the ship does not use the quay as planned, it may be possible to negotiate a refund or adjustment of the quayage fee. However, this will depend on the specific circumstances and any contractual agreements in place.
In some cases, the quayage fee may be transferable to another party if there is a change in the ship or vessel using the quay. However, this will depend on the terms and conditions set by the quay owner or operator.
Failure to pay the quayage fee as agreed upon may result in penalties or legal consequences, such as the denial of future access to the quay or legal action to recover the unpaid fees.
The tax deductibility of the quayage fee will depend on the tax laws and regulations of the jurisdiction in which the fee is paid. It is advisable to consult with a tax professional or legal advisor to determine the specific tax implications of the quayage fee.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
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