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Some vendors allow free no-cost time for limited hour(s) when demurrage occurs, others do not allow free time for delays. The demurrage charge is normally an hourly rate. Unforeseeable until delivery, costs of delays are sometimes separately invoiced from the cost of deliverable. In banking, demurrage is the charge per ounce made by the Bank of ...
The International Federation of Freight Forwarders Association (FIATA), which globally represents an industry of about 40,000 forwarding and logistics firms, is urging ocean carriers to review ...
Evergreen Marine has also become a partner of EVA Airways, founded in 1989, and Uni Air, founded in 1998. In 2002, Evergreen Marine operated 61 container vessels, with a total fleet size totaling 130 vessels with 400,000 TEU (twenty-foot equivalent units). [7] By 2008, Evergreen Marine operated 178 container vessels. [9]
Ever Given (simplified Chinese: 长赐轮; traditional Chinese: 長賜輪; pinyin: Cháng Cì Lún [6]) is one of the largest container ships in the world. The ship is owned by Shoei Kisen Kaisha (a ship-owning and leasing subsidiary of the large Japanese shipbuilding company Imabari Shipbuilding), and is time chartered and operated by container transportation and shipping company Evergreen ...
If the charterer's delay means that laytime is exceeded, a predetermined penalty (i.e. liquidated damages) called "demurrage" is incurred. [ 5 ] [ 6 ] If the whole period of laytime is not needed, a refund called "despatch" may be payable by the shipowner to the charterer .
The companies quietly running the federal government’s immigration detention and deportation system are anticipating a potentially massive payday should Donald Trump return to the White House ...
A group of passengers sprung into action and stopped a man who allegedly tried to open the cabin door mid-flight during a trip to Dallas Tuesday morning by restraining him with duct tape ...
Bunker adjustment factor, bunker surcharge or BAF refers to the floating part of sea freight charges which represents additions due to oil prices. [1] BAF charges used to be determined by Carrier Conferences to be applicable for a certain period on a certain trade route. The European Commission banned Carrier Conferences as of October 17, 2008 ...