For Shipowners: Shipowners may also facial area demurrage charges when they are unsuccessful to load or unload the cargo in the allowed free time. For example, if their ship is delayed because of port congestion or other factors, they may be answerable for spending demurrage.By charging demurrage, port authorities and shipping organizations ensure … Read More

Demurrage refers back to the fees imposed when cargo continues to be at a port or terminal outside of the permitted spare time. This free time is normally allocated for unloading or loading cargo, but if this period is exceeded, shipping firms impose demurrage charges about the trader.Free Time: Most shipping lines supply a specified amount of no c… Read More