Definition
Charges applied by shipping lines when containers are not picked up from the port within the "free time" period. Free time is typically 3-7 days; thereafter daily demurrage rates escalate rapidly, making prompt cargo clearance a financial priority for importers.
Frequently asked questions
What is Demurrage?
Charges applied by shipping lines when containers are not picked up from the port within the "free time" period. Free time is typically 3-7 days; thereafter daily demurrage rates escalate rapidly, making prompt cargo clearance a financial priority for importers.
Which glossary terms are related to Demurrage?
Demurrage is a port & maritime term in the South African import/export industry. Related terms in the same area include BAF (Bunker Adjustment Factor), Berth, Blank Sailing, Bunker Fuel, CAF (Currency Adjustment Factor) — each has its own plain-English definition in the TradeCaravan glossary.