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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Abancas SWIFTBIC Code Guide for Global Transfers

Abancas SWIFTBIC Code Guide for Global Transfers

This article provides an in-depth analysis of the SWIFT/BIC code structure for ABANCA CORPORACION BANCARIA, S.A., offering guidance and considerations for remittances. It helps readers understand how to effectively use SWIFT codes for international remittances, ensuring the safety and smooth transfer of funds. Additionally, the advantages of using Xe for transfers are discussed, along with a comparison of exchange rates to enable users to secure better rates and lower fees.

08/11/2025 International Settlement
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Lake Gregory Airport Bolsters Western Australias Air Cargo Network

Lake Gregory Airport Bolsters Western Australias Air Cargo Network

West Coast Freight Network's updated global airport three-letter code lookup system now includes Lake Gregory Airport (LGE), a key air freight hub in Western Australia. The system provides detailed information on airport facilities, warehousing fees, and air cargo labels, making it an essential tool for air freight operations. It also offers practical tools such as air freight tracking, airline lookups, and shipping company searches, contributing to the development of the global air freight industry.

09/29/2025 Airport Codes
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ZRE Airport Adopts Advanced Tools to Boost Air Cargo Efficiency

ZRE Airport Adopts Advanced Tools to Boost Air Cargo Efficiency

West Coast Freight introduces a robust airport code lookup system, helping you easily find information for over 40,000 airports worldwide, including Zrenjanin Airport (ZRE). The system provides accurate data on airport facilities, warehousing fees, and features a unique Pinyin initial code search. Additionally, it offers practical tools such as air freight tracking and airline lookup, enhancing air freight efficiency. This comprehensive tool streamlines the process of locating vital airport information and managing air cargo logistics.

09/29/2025 Airport Codes
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ZPH and West Coast Freight Adopt New Air Cargo Tools

ZPH and West Coast Freight Adopt New Air Cargo Tools

This article focuses on Zephyrhills Airport (ZPH) and delves into the three-letter code lookup system provided by West Coast Freight. This system contains global airport information, offering a convenient query function. It integrates practical information such as airport facilities, storage fees, and customs clearance requirements, providing strong support for air freight operations. It also introduces a range of practical tools offered by West Coast Freight, including air freight tracking and airline lookup.

09/29/2025 Airport Codes
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Guide to Reducing Freight Cancellation Costs for Shippers

Guide to Reducing Freight Cancellation Costs for Shippers

This article provides a detailed interpretation of freight cancellation fee policies, emphasizing the importance of submitting cancellation notices at least seven days in advance. It clarifies that cancellation fees are calculated per container. The article recommends establishing an order tracking system, proactive communication, and collaboration with reliable partners to mitigate the financial risks associated with cancellations. By implementing these strategies, businesses can effectively control costs and minimize the impact of unforeseen freight changes.

09/28/2025 Logistics Encyclopedia
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Freight Forwarders Guide to Bill of Lading Amendments

Freight Forwarders Guide to Bill of Lading Amendments

Based on ROCKY_HIGHSUN's experience, this article provides a detailed analysis of the reasons, procedures, required documents, fees, and precautions for Bill of Lading (B/L) amendments. It aims to help freight forwarding practitioners efficiently handle B/L amendment issues and avoid unnecessary losses. The guide covers practical aspects and offers insights into navigating the complexities of B/L modifications within the context of freight forwarding operations, particularly considering the implications for Letter of Credit transactions.

08/21/2025 Document Interpretation
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Shipping Professionals Guide to Equipment Interchange Receipts

Shipping Professionals Guide to Equipment Interchange Receipts

This article addresses common issues encountered by shipping professionals when using Equipment Interchange Receipts (EIRs), such as verifying voyage information, calculating fees and validity periods, handling loss, querying container pick-up locations, and dealing with damaged or expired documents. It provides detailed answers and guidance to help readers better understand and utilize EIRs, improve work efficiency, and ensure smooth cargo transportation. The aim is to clarify the practical application of EIRs in daily shipping operations.

08/21/2025 Document Interpretation
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IATA CASS Account Guide Simplifies Air Cargo Efficiency

IATA CASS Account Guide Simplifies Air Cargo Efficiency

This article provides a detailed introduction to the application requirements, procedures, necessary materials, and fees for the International Air Transport Association (IATA) CASS settlement account. It aims to help air cargo companies and freight forwarders understand the advantages of the CASS system, simplify settlement processes, reduce operating costs, and enhance global market competitiveness. The article serves as a guide to navigate the CASS system for efficient and cost-effective international air cargo settlement.

10/11/2024 Logistics Encyclopedia
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Yangshan Port Guide Streamlines Shipping Operations

Yangshan Port Guide Streamlines Shipping Operations

This article addresses common issues encountered during Yangshan Port consolidation, including customs clearance, port entry, weight inquiries, container drop-off, congestion, container return, container pickup, distance, customs declaration deadlines, re-allocation fees, and inspection. It provides comprehensive answers and practical suggestions to help you navigate the challenges of Yangshan Port consolidation smoothly. The guide aims to simplify the process and offer valuable insights for efficient and cost-effective operations within the port.

08/22/2025 Port Encyclopedia
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