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On railways, it is the charge on detention of trucks [9] (or rolling stock), either to the shipper for holding the car (laden or not), or to the connecting railroad(s) while the car is empty and returning to the home road (in either case, as a way to encourage speedy unloading and return of empties to improve utilisation of rolling stock).
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 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 ...
Once in the port, after a short "free time" period, roll trailers are subject to demurrage charges, [4] to cover storage and detention fees [5] and to ensure consignees swiftly unload their cargo, temporary positioned on the shipping line's trailers during the sea passage.
Demurrage in a currency system reduces discount rates, and thus increases the present value of a long-term investment, and thus gives an incentive for such investments. [ 1 ] Unlike inflation , demurrage gradually reduces only the value of currency held: it functions as a negative interest (a tax) on currency held versus inflation that also ...
Going on a vacation is exciting. You get to see new cities, embrace different cultures and explore the world. However, it’s getting more exciting for some of the expensive vacation destinations ...
The charterer pays for all fuel the vessel consumes, port charges, commissions and a daily hire to the owner of the vessel. The charterer in that sense takes full commercial control of the vessel during the time charter period. The operation of the vessel itself remains with the owner. Variations on those types include:
[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]