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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.
Aug 28, 2023 · What is the difference between demurrage and detention? Demurrage and detention are typically found together in logistics. They are two separate things, but they're closely linked. Demurrage: The time the filled containers spend inside the terminal.
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.
Jul 8, 2009 · Detention relates to equipment (while the container is empty after unpacking or before packing) Lets see how it works.. Imports – A container is discharged off a ship on the 2nd July – Consignee approaches the shipping line to take delivery of the cargo around 12th July..
Aug 12, 2024 · 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.
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
Aug 23, 2024 · 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.
Jun 30, 2023 · The “penalty” is demurrage, referred to as liquidated damages, payable for the detention of the ship beyond laytime allowed. In view of the breach element, exceptions to laytime do not apply when the ship is on demurrage because a party in breach cannot take advantage of its own breach.
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.
Apr 19, 2018 · The terms demurrage, detention and per diem are often used interchangeably, but are they the same thing? Surprisingly, they aren’t. To make matters even worse, the rates and policies around them can vary from port to port, and from steamship line to steamship line.
