Where high voltage is transported, you need people who keep a cool head and a close eye on every regulation. ...
← Logistics Dictionary
Piracy Risk Surcharge (PRS)
What is Piracy Risk Surcharge?
Piracy Risk Surcharge is an additional fee levied on the sea freight due to piracy, especially at the Gulf of Aden. Frequently, carrier companies face the threat of piracy when transporting goods via the sea, and they pay more on their insurance premium as a result of this threat.
As a result, PRS was introduced to compensate for the increase in premium charged by the insurance company. PRS is also known as the Gulf of Aden Surcharge.
You may also be interested in these articles
DHL Extends Logistics Partnership with FIA World Endurance Championship
DHL continues as the Official Logistics Partner of the FIA World Endurance Championship (FIA WEC). A new, multi-year agreement extends ...
Pristine Stacking
Pallets with boxes are stacked at dizzying heights like a massive game of Tetris. DHL Freight in Bremen stores products ...