Demurrage in the Seaport

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 ...

A seaport is a harbor located on a sea coast designed to accommodate international seagoing traffic, enabling loading and unloading of goods, containe...

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...

Free Carrier (FCA) at the named seaport means: The seller delivers the goods, cleared for export, to the carrier named by the buyer at the seaport. Th...