Demurrage Fees: Demurrage fees are charged when containers continue to be at a terminal outside of the allowed free time. These fees inspire businesses to distinct their goods promptly.Settlement of Demurrage Charges: As soon as the cargo operations are entire, and any demurrage charges are already calculated, an invoice to the charges is going to

Historically, this extra period was referred to in court as “lay times that need to be compensated for.” This phrase could be misleading as it obscures The reality that the charterer is actually breaching the contract, Despite the fact that they are able to mitigate even more hurt by finishing their contractual obligations for the duration of t