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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Gran Canaria Airport Drives Tourism Growth Amid Expansion Plans

Gran Canaria Airport Drives Tourism Growth Amid Expansion Plans

Gran Canaria Airport, located on Gran Canaria Island in Spain, is the main civilian airport established in 1930. It is the largest airport in the Canary Islands and the fifth largest in Spain. The airport features two runways, each 3,100 meters long, and a passenger terminal that has undergone multiple expansions, offering both domestic and international flight services with an annual passenger volume exceeding 10 million. Several low-cost and charter airlines operate here, boosting local tourism and economic development.

07/29/2025 Logistics
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Katowice Airport: Poland’s Historic Aviation Hub Connects Continents

Katowice Airport: Poland’s Historic Aviation Hub Connects Continents

Katowice International Airport, established in 1940, is a modern civil airport located on the outskirts of Katowice, Poland. It features three passenger terminals and offers regular and charter services for both domestic and international flights. The airport ranks as the fourth busiest in Poland, serving major airlines such as Lufthansa and Ryanair, connecting several destinations across Europe, the Middle East, and North America. Its facilities and service capabilities are continually improving, solidifying its status as an important regional air hub.

07/29/2025 Logistics
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Gatwick Airport Emerges As Key European Air Cargo Hub

Gatwick Airport Emerges As Key European Air Cargo Hub

London Gatwick Airport (LGW) is a vital air cargo hub in the UK, strategically located with a dual-runway configuration and modern terminal facilities. It offers a comprehensive range of full-service, low-cost, and charter operations, boasting a global route network. With consistent passenger growth, LGW holds significant cargo potential, making it an ideal gateway connecting Europe to the world. Its infrastructure and location position it well for further development as a key player in European freight and logistics.

09/26/2025 Airport Codes
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Key Air Freight Terms Essential for Global Trade Efficiency

Key Air Freight Terms Essential for Global Trade Efficiency

This article compiles core vocabulary related to the air freight industry, including organizations like the International Civil Aviation Organization (ICAO) and the International Air Transport Association (IATA), as well as concepts such as scheduled air service, charter air service, consolidation, air express, and air waybills. The aim is to help readers better understand and apply air freight knowledge, ultimately improving efficiency in international trade. It provides a concise overview of key terms essential for navigating the complexities of air cargo operations.

09/26/2025 Logistics Encyclopedia
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Bill of Lading Key to Global Trade Transactions

Bill of Lading Key to Global Trade Transactions

The original bill of lading is a crucial document of title in international trade, issued by the shipping company to evidence the contract of carriage and ownership of goods at sea. The holder of the original bill of lading has control over the goods. While telex release bills of lading offer a slightly different functionality, a correct understanding and proper use of the original bill of lading is essential to protect the interests of both trading parties. It serves as a receipt for the goods, a contract of carriage, and a document of title.

08/21/2025 Document Interpretation
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