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How does demurrage, detention and port charges work..??

Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges..

Let me explain how demurrage, detention and port charges work..

shifl to launch the first-ever no-fee instant payment and banking platform for supply chain

Shifl’s widely-used supply chain software is now rolling out its newest addition: A modern financial technology built alongside its sophisticated logistics technology. Creating...

Maritime

Logistics

Webinar: Importance of real-time visibility in pharmaceutical logistics and headwinds facing the industry

As per UN statistics, medicinal and pharmaceutical products were among the top exported commodities...

2021 – The Year of the Carrier and Supply Disruptions.. Shipping and Freight Resource...

This is the Annual Review of the shipping and freight industry in 2021 by Shipping and Freight Resource.. This is an in depth look into what transpired in our industry in 2021 in terms of the maritime and global trade, shipping and freight practices, Global Shipping Alliances, Carriers and their profits and mostly about the disruptions surrounding supply chain.. Welcome to The View from the Top..

What are you measuring in your warehouse?

Efficient warehousing should be one of the top priorities in any supply chain strategy as this is the holding area for various types of materials including raw materials, semi-finished, and finished products all of which need to be stored and managed effectively for a seamless production and distribution process..

There are several failures in warehousing operations as many warehouses don't monitor or don't know what key metrics need to be monitored in order to effectively manage warehouse operations..

Supply Chain

TRADE

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