Is there a link between the demurrage charged by the shipping line and Incoterms®..??
This question was prompted by the below question from one of the readers.. Thank you Rizwan..
We have received huge shipment from our suppliers on CFR basis
In the Bill of lading the Consignee is To The order of Seller and our company name is in Notify party.
The seller has sent us the original Bill of lading 20 days after the vessel has arrived at destination port.
Hence there is a delay in clearing the goods. Can the shipping line claim demurrage charges from us or they should put claim on seller /shipper since the shipping line contract is with the seller and not us Continue Reading
Buyer booked his cargo with a container shipping company and took containers from them with 10 days of free time. The seller stuffed the cargo inside containers in 12 days, now there is a detention for 2 days for containers.
Term of contract is FOB, but seller did not mention in the contract that he will stuff the cargo inside container in less than 10 days.
Who should pay the detention of containers ? Continue Reading
Demurrage, Detention and Despatch are terms that are used around the world in day to day shipping.. However sometimes people get confused about what to use which term where, especially Demurrage as it relates to container and bulk trades..
This article endeavours to clear this confusion by discussing the difference between Demurrage, Detention and Despatch and the meaning of each of these terms.. Continue Reading
Difference between ground rent and demurrage and detention This is a question from Siddhartha What is ground rent , is it different from demurrage and detention ? and who will collect ground rent ? Siddhartha, in very simple terms, ground Continue Reading
What is the difference between Storage and Demurrage..?? This is another area where some confusion exists and I will explain the reason why.. In general terms, Demurrage is the charge levied by the shipping line on the consignee if the Continue Reading
Demurrage and Detention – a very contentious topic and one of the most expensive costs in containerised shipping..
This article discusses all about Container Demurrage and Detention and the differences and similarities across various countries and shipping lines..
Join the conversation.. Continue Reading
Before we start the import process lets look at some definitions/explanations : Consignee or Importer : Companies that are authorised by Customs and Govt authorities to import cargoes into South Africa from various countries.. Place of Origin : A place Continue Reading