demurrage


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demurrage

A charge made by shippers for the time exceeding that normally allowed for loading and/or unloading of building components or materials delivered by railroad, truck, or ship.
References in periodicals archive ?
ISLAMABAD -- The Federal Investigation Agency (FIA) has initiated probe in a shipping company, which brings imported goods, for allegedly delaying the clearance of goods in an attempt to collect additional demurrage and detention charges.
He said that according to Customs Act, 1969, the port cannot charge any demurrage or detention charges if Customs gives a certificate to importer titled 'Delay and Detention Certificate'.
"The Coalition raised substantive issues in both their petition and their testimony at our January hearing investigating carrier and terminal detention and demurrage practices," said FMC acting chairman Michael Khouri.
Having regard to our experience before the courts in the Middle East and North Africa, and due to the specific nature of maritime transportation, it is recommended not only to rely on the demurrage condition stated on the back page of the B/L or through advertising the same on the carrier's website, but also to mention this clause clearly on the front page of the B/L, by which the merchant (neither shipper nor consignee) will be liable for the demurrage.
Buniel has not replied and the broker told us it has stopped working on the release of the shipment because the funds to pay for the demurrage fees have yet to be sourced.
As a result, the court upheld Lifestyle's allowed administrative priority claim for the purchase price of the goods ordered by River Oaks as well as all demurrage charges incurred by Lifestyle from River Oaks' refusal of the goods.
'The cargoes are now being detained inside the ports while agents are made to pay exorbitant demurrage to terminal operators,' Segun Oduntan stated while also adding that 24 hours cargo clearance is now a mirage.
class="MsoNormalThe delays, which result in expensive demurrage charges on the imports, are then passed down to the consumers, who will have to dig deeper into their pockets to pay for the goods.
Innovation Teams of private sector experts will be assembled early in 2019 to determine the commercial viability of four key ideas that have the potential to bring clarity and uniformity to when and how shippers pay detention and demurrage fees.
Sang told the National Assembly departmental Committee on Energy that the monthly demurrage costs had reduced significantly from Sh154 million in June to Sh79 million in October.
ISLAMABAD -- The Senate Standing Committee on Petroleum has expressed its displeasure over hefty demurrage payments made by Pakistan State Oil (PSO) over the past five years.
For instance, about three million tonnes of seed cargo is presently imported in Pakistan, but importers have to pay hefty demurrage on the ships because of congestion at the ports.