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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 ...
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 ...
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]
[135] [141] This led shipping lines to seek alternate ports for ships en route to Baltimore and forced shippers to attempt to arrange for land transportation from those ports before unloaded cargoes would incur detention and demurrage charges—i.e., late fees. [142]
Four shipper associations want the Surface Transportation Board to allow demurrage charges to be assessed on privately owned railcars as an incentive for freight railroads to move those railcars ...
The Hague–Visby Rules were incorporated into English law by the Carriage of Goods by Sea Act 1971; and English lawyers should note the provisions of the statute as well as the text of the rules. For instance, although Article I(c) of the Rules exempts live animals and deck cargo, section 1(7) restores those items into the category of "goods".
The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer ...
Affreightment (from freight) is a legal term relating to shipping.. A contract of affreightment is a contract between a ship-owner and a charterer, in which the ship-owner agrees to carry goods for the charterer in the ship, or to give the charterer the use of the whole or part of the ship's cargo-carrying space for the carriage of goods on a specified voyage or voyages or for a specified time.