Maritime Industry Grapples With Rising Demurrage Costs

Maritime Industry Grapples With Rising Demurrage Costs

This article analyzes the meaning of "On Demurrage" in voyage charters and its relationship with demurrage charges. Demurrage fees are costs incurred by the charterer for exceeding the loading and unloading period specified in the contract, usually calculated on a daily basis. The contract outlines the conditions for entering a state of demurrage, which varies in terminology across different countries. Additionally, it explores the distinctions between demurrage in voyage charters and container transport.

07/28/2025 Logistics Encyclopedia
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Oil Tanker Trade Shifts Amid Sanctions Energy Market Changes

Oil Tanker Trade Shifts Amid Sanctions Energy Market Changes

The sanctions imposed by the U.S. and EU on Russian and Iranian oil and gas are reshaping the global tanker market. The aim of the sanctions is to weaken oil revenues, and while it is important to be cautious of short-term supply chain fluctuations, overall market gaps can be filled by other Middle Eastern countries. Additionally, the growing demand for second-hand vessels may help alleviate pressure on declining asset prices.

07/31/2025 Logistics Industry Insights
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Shanghai Port Faces Freight Delays Amid Rising Inspections

Shanghai Port Faces Freight Delays Amid Rising Inspections

This paper, based on the experience sharing of RLJIANG_SH from the Jiyun Baodian forum, explores common issues in freight forwarding practice, such as shipping company order deductions, out-port container loading, and cargo inspection. The article analyzes the causes of these problems and proposes corresponding solutions, aiming to provide references and insights for freight forwarding practitioners. It offers practical advice on navigating these challenges and improving operational efficiency in the freight forwarding industry.

08/23/2025 Logistics Encyclopedia
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Customs Brokerage Services Streamline Global Trade Exports

Customs Brokerage Services Streamline Global Trade Exports

Tired of complicated customs clearance and inspection procedures? We offer one-stop import and export services, from commodity classification to document preparation, advance payment of tariffs to handling various certificates, helping your goods clear customs easily and reach the world. Our professional team, efficient service, and transparent pricing allow you to focus on your core business and achieve greater commercial value. Let us handle the complexities of international trade so you can focus on growth.

08/21/2025 Customs Knowledge
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Freight Forwarding Guide Safe Shipping and Customs Efficiency

Freight Forwarding Guide Safe Shipping and Customs Efficiency

This article focuses on freight forwarding and consolidation, providing practical guidance on dangerous goods identification, customs clearance acceleration, and compliant pallets to help you mitigate risks and improve efficiency. Quickly identify dangerous goods using CAS No. Submitting customs information as early as possible and ensuring the use of pallets that meet the importing country's requirements can effectively avoid cargo delays and fines. This guide offers actionable insights to streamline your shipping process and ensure compliance.

08/22/2025 Logistics Encyclopedia
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Freight Forwarders Optimize Bill of Lading and Customs Processes

Freight Forwarders Optimize Bill of Lading and Customs Processes

This article focuses on key aspects of freight forwarding customs clearance, specifically addressing the Bill of Lading, its amendment process, and customs release procedures. It provides a detailed interpretation of important considerations and operational workflows, aiming to assist freight forwarding professionals in efficiently and compliantly completing customs clearance tasks. The goal is to help practitioners avoid unnecessary complications and potential losses by providing practical guidance on navigating these critical stages of the import/export process.

08/22/2025 Logistics Encyclopedia
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Banco De Occidente SWIFT Code Simplifies International Transfers

Banco De Occidente SWIFT Code Simplifies International Transfers

This article provides a detailed explanation of Banco de Occidente (Colombia)'s SWIFT code, OCCICOBCCL1. It elaborates on the importance and structure of SWIFT codes. Furthermore, it offers practical advice on how to avoid errors during international money transfers, aiming to assist users in conducting cross-border remittances safely and efficiently. The information helps ensure secure and smooth transactions when dealing with Banco de Occidente and utilizing the SWIFT network for international payments.

09/04/2025 International Settlement
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Guide to Exim Bank djibouti SWIFT Codes for International Transfers

Guide to Exim Bank djibouti SWIFT Codes for International Transfers

This article provides a detailed explanation of Exim Bank (Djibouti) S.A's SWIFT code, EXTNDJJDXXX. It highlights its importance in international money transfers and provides guidance on its correct usage. Furthermore, the article offers a frequently asked questions section and advice on avoiding common remittance scams. The aim is to help readers conduct cross-border transfers safely and efficiently by understanding the SWIFT code and potential pitfalls associated with international remittances involving Exim Bank Djibouti.

09/04/2025 International Settlement
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Guide to Banco Da Unio Guineabissau SWIFT Codes

Guide to Banco Da Unio Guineabissau SWIFT Codes

This article provides a detailed explanation of the SWIFT code (BDUGGWGWXXX) for Banco da Uniao in Guinea-Bissau. It clarifies its role and application in international money transfers. The article offers practical advice on filling out remittance information and avoiding delays, aiming to assist readers in successfully sending money to Guinea-Bissau. It focuses on the specific SWIFT code and its importance for ensuring smooth and efficient international transactions to this West African nation.

09/01/2025 International Settlement
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Banco Credicoop Simplifies International Transfers With SWIFT Code

Banco Credicoop Simplifies International Transfers With SWIFT Code

This article provides information on Banco Credicoop's SWIFT code in Argentina, guiding users on how to correctly perform international money transfers. It details the usage scenarios and precautions for the primary SWIFT code, BCOOARBAXXX, along with the information required to receive international remittances. The article also offers security tips aimed at helping users complete cross-border transfers safely and efficiently. It covers important aspects to ensure smooth and secure international transactions involving Banco Credicoop.

09/01/2025 International Settlement
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