The cost of keeping a vessel, truck, or container at a port or warehouse beyond the allotted time.
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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.
What is Demurrage?
Demurrage refers to a fee charged by a carrier when the cargo is not loaded or unloaded within the agreed-upon time frame. This fee compensates the carrier for the cost of using their equipment and resources beyond the original agreed-upon period. Demurrage charges are typically assessed based on a daily rate, and they can be quite expensive, especially when the delay is significant.
Related Glossary terms
→ Centralized Dispatching
→ Free Days
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