What is lift-on lift-off charge in SAP TM-ADP-CSL-NAO - Network & Operations for Container Shipping Liners?

SAP Term: lift-on lift-off charge

• Component: TM-ADP-CSL-NAO

• Component Name: Network & Operations for Container Shipping Liners

• Description: A transfer charge that is made for containers handed over to or received from merchants at the carrier’s container yards.

Smart SAP Assistant

• Key Concepts: 
  Lift-on lift-off (LOLO) charge is a fee charged by a shipping line for loading and unloading containers from a vessel. This fee is usually based on the size and weight of the container, as well as the type of cargo being shipped. The LOLO charge is typically included in the freight rate and is paid by the shipper.
  
  How to use it: 
  The LOLO charge is used to cover the cost of loading and unloading containers from a vessel. It is typically included in the freight rate and is paid by the shipper. The LOLO charge can vary depending on the size and weight of the container, as well as the type of cargo being shipped.
  
  Tips & Tricks: 
  When negotiating freight rates, it is important to understand what is included in the LOLO charge. This will help you determine if you are getting a good deal or not. Additionally, it is important to consider other factors such as port fees, fuel surcharges, and other costs that may be associated with shipping your cargo.
  
  Related Information: 
  The TM-ADP-CSL-NAO Network & Operations for Container Shipping Liners module in SAP provides an integrated solution for managing container shipping operations. This module includes features such as rate management, vessel scheduling, and LOLO charge calculation. It also provides visibility into container movements and helps optimize operations for increased efficiency and cost savings.