WHAT DOES 122. ADVANCE PAYMENT RISK MITIGATION STRATEGIES MEAN?

Hi Rahman – Demurrage differs based on port and steamship line, hence, The client will require to confirm with their forwarder/broker around the assessed pending charges. Weekends also incur demurrage charges. We hope this assistsDetention applies when the containers are taken out on the port (for example, to a warehouse) but usually are not retu

Although demurrage pertains exclusively to delays in port operations, detention refers to delays in retaining containers beyond the agreed-on time for inland use. Understanding this differentiation is very important for navigating shipping contracts and running demurrage and detention charges.Hi Devin, Some Storage charges may be negotiated – it