Logistics
Demurrage (shipping line)
Daily shipping line penalty when container is not returned within free time. Costs escalate progressively and can exceed USD $200/day per container.
Daily shipping line penalty when container is not returned within free time. Costs escalate progressively and can exceed USD $200/day per container.
Daily shipping line penalty when container is not returned within free time. Costs escalate progressively and can exceed USD $200/day per container.
Demurrage/Detention
What is Demurrage/Detention, its role in foreign trade, and how it applies to customs operations in Mexico.
LogisticsDemurrage
Shipping line charge for not returning container within agreed free time. Accrues daily and is different from terminal storage charges.
LogisticsFree time
Complimentary period granted by carrier or terminal for container use or storage before charges begin. Generally 3-7 days, negotiable in contracts.
LogisticsShipping Line
A company owning or operating vessels that offers regular maritime cargo transport services on established routes, issuing bills of lading and charging freight.