A typical scenario: an exporter leaves a container at the port after export clearance because their freight forwarder missed the pickup deadline; daily demurrage and terminal fees then accumulate, and the vessel sails for the next port without the delayed cargo.
Source: https://www.porttechnology.org/news/a-practical-approach-to-risk-management-in-ports/
Tools that match this term
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Weekly: Top news, industry facts and insights from the world of logistics – free.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.