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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E-Commerce Innovates Last-Mile Delivery with Four Emerging Models

E-Commerce Innovates Last-Mile Delivery with Four Emerging Models

Currently, the e-commerce industry is continuously evolving, prompting innovations in the 'last mile' service model of e-commerce logistics. These innovations can be categorized into three main types: differentiated services by courier companies, data-driven preemptive services, and crowdsourcing models. By offering diverse timely services, intelligent demand forecasting, and flexible community resource integration, these models enhance delivery efficiency and customer experience, with the potential for further innovation and development in the future.

07/28/2025 Logistics
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China's Logistics Industry Transforms to Meet Rising Consumer Demands

China's Logistics Industry Transforms to Meet Rising Consumer Demands

The logistics model of new retail is undergoing transformation, with traditional methods being gradually replaced by intelligent services. The rapid development of the express delivery industry in China highlights the importance of popularizing and sharing end services to enhance efficiency and user experience. As consumer expectations for logistics services continue to rise, the industry is moving towards a shared economy. Improving the efficiency of end delivery will be a key direction for future development.

07/28/2025 Logistics
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Best Methods to Convert 100 Euros to GBP

Best Methods to Convert 100 Euros to GBP

Learn how to exchange 100 euros for British pounds, understand exchange rate information, and utilize efficient transfer services to ensure fund safety and growth. We provide real-time exchange rate queries and IBAN services to help you successfully complete cross-border transactions.

08/10/2025 Exchange Rate Query
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