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Aug 28, 2023 · Demurrage and detention are separate but linked in the journey of your cargo. Demurrage charges always relate to the time a container is inside a terminal. Demurrage penalty fees/charges are used to prevent containers from being stored at the port for a long time.
Mar 8, 2022 · Demurrage and detention are two terms in trade, freight shipping, and logistics that often confuse people in the industry. The terms seem similar as they relate to freight fees that compensate ports and facilities for storage when cargo is delayed.
Jan 11, 2021 · Demurrage is the recovery of costs incurred for delay of the container within the port, charged by the shipping company or the party that has leased the container. Container leasing is a booming 5.5 billion Dollar industry that leases cargo containers to their customers and manages a fleet of containers for them.
Demurrage and Detention Prices. Consult General Terms. United States Information Guide. Detention & Demurrage charges will be applicable for shipments wherein customers have exceeded the standard free time applicable both in the import & export cycles. Read More.
Jul 8, 2009 · Demurrage and Detention in the context of container shipments.. Demurrage relates to cargo (while the cargo is in the container) Detention relates to equipment (while the container is empty after unpacking or before packing) Lets see how it works..
Demurrage and detention are incredibly important terms that often lead to abandoning of container ship cargoes if the costs and meaning are not fully anticipated – so we’ve put together a quick guide outlining what these terms mean and why they’re important to understand.
The Difference Between Demurrage, Detention and Storage: It Is All about the Container’s Location. These charges apply for the usage of container equipment inside the port terminal. Demurrage fees are billed per container and per day by the ocean carrier, and the charged amount will vary by location and equipment type.
Mar 21, 2024 · When learning about demurrage, you must have heard of detention. In most countries, these two freight charges are classified as the same or often combined as one – collectively called demurrage and detention (D&D) charges.
Nov 10, 2023 · Detention vs. Demurrage: While both terms relate to additional shipping fees, they arise from different circumstances. Understanding these differences is crucial for efficient logistics management. Cost Implications: The financial repercussions of not addressing detention and demurrage can be hefty. Being proactive in understanding and ...
Jun 5, 2024 · Detention and Demurrage are essentially delay charges that incur after the expiration of the container free time. Free time is the period of time that shipping lines allow their customers to retrieve containers from terminals and rail facilities free of charge.
