THE GREATEST GUIDE TO 102. RETENTION MONEY GUARANTEE FOR EXPORTERS

For Shipowners: Shipowners may also face demurrage charges whenever they fall short to load or unload the cargo throughout the permitted free time. For example, if their ship is delayed resulting from port congestion or other motives, They could be answerable for paying demurrage.Demurrage charges are incurred when cargo continues to be on the port

Demurrage and detention are both equally added fees In relation to shipping and logistics. It’s important to note that demurrage and detention fees are implemented to really encourage speedier movement of cargo for your smoother supply chain.Correcting these challenges normally takes quite a few days, resulting in demurrage or detention charges.