An upcharge is an additional fee that is added to a bill after a contract has already been negotiated.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Upcharges, which are also known as accessorial charges, are levied to cover the cost of unforeseen circumstances. On a freight bill, for example, the recipient may be upcharged for rising fuel costs, truck driver wait times or additional labor requests, such as asking the driver to move pallets into a warehouse.
Upcharges may also be levied for failing to meet a contract's requirements. For example, a retailer may upcharge a manufacturer for failing to use the correct type of pallet or for delivering a short order.
Upcharges are also known as accessorial charges.
Continue Reading About upcharge
Dig Deeper on Supply chain planning and execution