Discover what demurrage means in finance and shipping. Learn about asset holding costs and shipping penalties, and how they ...

With the International Longshoremen’s Association (ILA) preparing to strike on October 1, 2024, a key concern of impacted shippers is how to minimize demurrage charges for inbound containers that may ...

Properly managing your organization’s supply chain is crucial for getting products and materials to the right place at the right time. And while many issues could interfere with your supply chain ...

On February 26, 2024, the Federal Maritime Commission (“FMC”) published its long-awaited final rule (the “Final Rule”) establishing various regulations governing the imposition of demurrage and ...

New rules issued by Federal Maritime Commission (FMC) clarify and simplify the process by which shippers are billed for detention and demurrage charges, relieving motor carriers who do not contract ...

Demurrage is a fee attached to cargo that has overstayed its time at a terminal. These fees can be enforced by port officials. Depending on the vendor, terminal, warehouse or container station, fees ...

[Stay on top of transportation news: Get TTNews in your inbox.] The Federal Maritime Commission has issued a final ruling to simplify international container billing practices in a move hailed by ...

Demurrage charges are used to discourage containers from being stored at ports for long periods of time, and companies pay detention fees when they hang onto a shipper’s containers for longer than the ...

Federal Maritime Commission (FMC) managing director Lucille Marvin sent a letter to 25 container lines and the World Shipping Council, the trade association that represents liner shipping companies, ...

Logistics professionals navigating their path forward face challenging market conditions, an evolving regulatory environment, a rapidly changing technology landscape, and an increasingly competitive ...