Related to equipment Charges , please explain demurrage and detention.

Solutions

Expert Solution

Demurrage is related to use of equipment only, the merchant pays for carriers equipment kept beyond the free time offered by the carrier for taking delivery of goods in port, terminal or depot.

Detention, the charge the merchant pays for detaining carriers equipment outside port, terminal or depot beyond the free time.

Demurrage and detention don't include storage costs and reefer services which are charged to merchant separately.

SUMMARY:

Demurrage related to cargo(while cargo is in container) and detention relates to equipment(while container is empty after unpacking)

ekkarill92 answered 1 year ago

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