What is the RoE (rate of exchange) used for this shipment invoice?

RoE stands for Rate of Exchange, which is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. General Rule for the calculation of the RoE date is as below:

  • Export/Prepaid Invoice: Estimated Time of Departure(ETD) of the vessel at the moment of the billing document creation minus 6 days.
  • Import/Collect Invoice: Estimated Time of Arrival(ETA) of the vessel at the moment of the billing document creation minus 6 days.

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