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..
What is the difference between Storage and Demurrage..?? This is another area where some confusion exists and I will explain the reason why.. When a container is discharged off a ship, it is moved to the CY area within the port.. When the customer has done the clearance with customs and is ready to take delivery of the container, he/she … Read more here..
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 … Read more here..
Before we start the import process lets look at some definitions/explanations : Consignee or Importer : Companies that are authorised by Customs and Govt authorities to import cargoes into South Africa from various countries.. Place of Origin : A place from which a certain cargo originates in order to be shipped to a certain destination as per the contract of … Read more here..