Thursday, July 18, 2024
shipping and freight resource services
HomeDifference betweenDifference between storage and overstay

Difference between storage and overstay

One of my readers had a question ” Can you please explain the difference between storage and overstay “..

Simply put,

Overstay is the process of moving uncleared containers into a customs bonded/authorised depot for storage purposes till the consignee is ready to clear the container and take delivery.. This is generally done after the expiry of the standard free days offered at the port of discharge.. This is done by the shipping line concerned..

This term is used in South Africa.. It maybe called other names in other countries..

Storage is the charge that is levied by either the port (if cargo is not cleared after the respective free days at the port) or by the shipping line if the cargo goes into overstay and is stored at a depot..

Also read https://www.shippingandfreightresource.com/2009/02/10/import-overstay-process/ for further clarification..


Liked the content..??

Sign up below to receive the best and most reliable industry content for free from THE Definitive Online Resource for Shipping and Freight..






 

 

 

Hariesh Manaadiar
Hariesh Manaadiarhttps://www.shippingandfreightresource.com
I am Hariesh Manaadiar, the Founder of Shipping and Freight Resource.. I have been in the dynamic shipping and freight industry for over three decades and have worked in several sectors.. I share my experiences and knowledge of the industry through this blog for those looking for help in the industry.. Stay subscribed for more free useful content about shipping, freight, maritime, logistics, supply chain and trade..

1 COMMENT

  1. If container is cleared before the vessel arrives but stop by customs for examination. Is this regarded as overstay cargo. From my knowledge overstay is only referred to containers that are not cleared within the prescribed free period

LEAVE A REPLY

Please enter your comment!
Please enter your name here


This site uses Akismet to reduce spam. Learn how your comment data is processed.

RELATED ARTICLES

Subscribe

Sign up below to receive the best and most reliable industry content for free from THE Definitive Online Resource for Shipping and Freight..

FBX - Freight Indices