As an exporter or importer, we are always faced with invoices from shipping companies or forwarders, so I felt it necessary to clarify the difference between these types of costs.
DEMURRAGE
The cost that the lessee of the container/ship must pay to the owner of the container/shipping for the delay in unloading and loading, which is calculated on a daily basis.
DETENTION
On the way to export this cost from the time the container is empty
CY
CONTAINER YARD
It is taken and calculated until it is delivered to the port terminal in full for export.
DETENTION
It is a cost that refers to the time outside the port. If the exporter takes the container more than the allowed days
FREE TIME
Keep in mind, this fee is applied by the shipping companies for each day of delay.
STORAGE
It is a fee charged by the port authorities from the shipping line (since they have an account with that port). If the container does not leave the port on the specified days announced by the port, the storage fee is applied. If the exporter has a delay in delivery, the exporter will have to pay for this delay on a daily basis
STORAGE
also pay
For example, I am an exporter
We have booked a container from the shipping company and we have 10 days to receive the empty container and deliver the full-stuffed container to the port. Every day the delay exceeds the stated time in bringing the container to the port will include the right of detention.
Now, if the container is loaded and delivered for shipping, but for any reason we are not able to send it or we will not send it, for each day that the container carrying the cargo remains in the terminal, we have the right of delay.
DEMURRAGE
STORAGE
let’s pay
Now be careful when looking for longer
Whether we are at the origin or at the destination, we are definitely on our side in our negotiations
or
Focus and not just
FREE TIME
DETENTION
DEMURRAGE
STORAGE
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This post is written by Naturelove