CT
Contractual
Demurrage terms are defined in contracts between carriers and customers.
The Basics
Global demurrage refers to charges applied when a shipping container is not returned, loaded, or picked up within the agreed free time at the origin or destination port.
These charges compensate the carrier for reduced equipment availability and help ensure containers keep moving efficiently around the world.
Key Points
TB
Time-Based
Charges begin after free time expires and accumulate daily.
VL
Varies by Location
Rates and free time vary by port, trade lane, and equipment type.
EE
Encourages Efficiency
Promotes return of equipment and reduces terminal congestion.
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