Demurrage Accrual

Demurrage is a contractual charge levied by a carrier when a container, wagon, cargo unit, or vessel remains in port, at a terminal or rail yard beyon...

A charge levied by a carrier on cargo or containers detained beyond the agreed free time or laytime at a port or terminal, intended to compensate for ...

An accounting accrual for warehousing or storage charges; a liability recognized to reflect expected storage costs incurred during a period, typically...

A charge assessed by the shipowner or charterer when the agreed laytime at the port is exceeded during loading or unloading; compensation for the time...

Yard demurrage refers to charges applied to shippers or consignees for the use of a container terminal’s storage yard beyond a specified free time. Th...

The detention accrual refers to the accumulation of charges that arise when a carrier's equipment or freight is held beyond the agreed free time. It d...