Import demurrage, import detention, export demurrage and export detention are a few of the terms that importers, exporters, freight forwarders etc come across on a regular basis
There seems to be a lot of confusion in understanding the difference between demurrage and detention..
This is one of the most frequently asked questions relating to a container shipment..
Shipping and freight can be full of surprises and variables in terms of costs for a customer..
In a lot of cases, these costs maybe highly prohibitive to the extent of some customers abandoning cargoes at destination due to these costs.
In the context of containerized cargo these two cost items DEMURRAGE and DETENTION are crucial and could become a huge problem for the customers if they do not control their shipments properly and effectively..
Demurrage and detention is mostly associated with imports although it may happen in the case of exports as well..
In this article I will explain, What is demurrage and detention, why is it charged, who charges it and who pays for it with some examples..
Although the most common market practice is to combine demurrage and detention, it is important to know the difference between demurrage and detention..
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