How to Record Container Lo-Lo Fees
Recording Lift-on/Lift-off (Lo-Lo) charges for the movement of containers between the ground and the transport vehicle or vessel.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cargo Handling Expenses | Debit | 3,200.00 | - |
| Accounts Payable | Credit | - | 3,200.00 |
💡 Accountant's Note
Debit Cargo Handling Expenses to account for the vertical movement of containers and credit Accounts Payable for the amount owed to the terminal or depot operator.
Practitioner & Systems Framework
💻 ERP Architecture
Capture Lo-Lo as a direct cargo expense in the voyage ledger to ensure correct margin calculation.
⚠️ Audit Flags
Billing for Lo-Lo on containers that were already included in the standard Terminal Handling Charge (THC).
📄 Required Documentation
Gate-in/Gate-out receipts, terminal invoices, and equipment interchange receipts.
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