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
Read More
Freight Forwarders Guide to Free Demurrage at Ports

Freight Forwarders Guide to Free Demurrage at Ports

This article provides an in-depth analysis of application techniques and key considerations for destination free time, emphasizing the importance of cargo volume and potential risks associated with pending customs clearance. It aims to assist freight forwarders in effectively managing related issues and mitigating potential problems. Understanding these factors is crucial for optimizing logistics and avoiding unexpected costs. The article highlights practical strategies to navigate the complexities of destination charges and ensure smooth cargo handling.

08/22/2025 Logistics Encyclopedia
Read More
Freight Forwarders Face Rising Compliance Risks in Bills of Lading

Freight Forwarders Face Rising Compliance Risks in Bills of Lading

Handling freight forwarder bills of lading requires caution. Ensure information matches the master bill of lading and avoid unauthorized modifications. Consult shipping company policies for telex releases. In case of unauthorized cargo release, take appropriate actions based on the bill of lading type. Accurate tally information is crucial; timely corrections prevent future issues. Compliance is key to ensuring smooth cargo transportation and mitigating potential risks associated with freight forwarding operations. Following best practices and adhering to regulations are essential for avoiding complications and ensuring successful delivery.

08/22/2025 Logistics Encyclopedia
Read More
Shijiazhuang Airport's First Regular Regional Cargo Flight Officially Launched

Shijiazhuang Airport's First Regular Regional Cargo Flight Officially Launched

On December 29, 2023, Shijiazhuang International Airport launched its first regional scheduled freight route connecting Shijiazhuang to Hong Kong. This new route operates five flights weekly, marking a significant advancement in the airport's international cargo operations and is expected to attract more local goods, boosting the regional economy. The expansion and renovation of Shijiazhuang Airport, along with supportive government policies, will further promote the development of civil aviation.

12/29/2023 Logistics
Read More
Exploring The Port Of Tampa Floridas Maritime Hub

Exploring The Port Of Tampa Floridas Maritime Hub

Tampa Port, located in Florida, is a fully functional international shipping hub. It consists of five distinct terminals, each handling various types of cargo, including petroleum, general cargo, and bulk commodities. The port operates with an annual cargo throughput of over 11.7 million short tons, establishing it as a crucial connection between the United States and global markets.

07/24/2025 Port Encyclopedia
Read More