Demurrage Charges

Demurrage charges are fees imposed when cargo containers or ships stay at a port beyond the allocated free time allowed for loading or unloading. These charges compensate for additional port space and resources used due to delays. Essentially, if a ship or container isn’t moved within the agreed time frame, the owner pays a fee for each extra day. Demurrage encourages timely operations to prevent congestion and ensure efficient vessel turnaround. It’s a standard practice in shipping and logistics to manage delays and recover costs associated with extended port stays.