Conversely, detention fees utilize when a container is taken out of the port, but not returned inside the agreed period. Detention fees kick in if you retain the container in a warehouse or over a truck for more time than allowed.To avoid demurrage liabilities and limit financial risks, stakeholders can implement proactive actions which include:Wit… Read More

A demurrage demand in dry bulk shipping is usually a rate imposed around the charterer in the event the process of loading or unloading cargo at a port takes for a longer time than the agreed-on time, often called laytime.To bypass demurrage liabilities and decrease financial risks, stakeholders can implement proactive actions like:With around 5 ye… Read More