How does detention affect inventory holding costs?

Jun 30, 2023 ... There will be variation rates depending on your shipper. But on average, a detention fee is around $85 an hour, which is enough to cover a ... Jan 8, 2021 ... Detention fees can range anywhere between $50 and $400 per day, per container, with demurrage attracting penalties at a similar range of price ... Empty containers are partially returned after free time, and then inventory holding costs for empty containers at origin are calculated. It is a common practice ... Demurrage is a result of a failure to abide by the rules agreed to in a charter agreement. Specifically, it is when a charge is payable to the owner of a ... Detention fees are charges imposed on cargo owners, trucking companies, or shippers when containers or trailers are held at a shipping terminal or port beyond ... Sep 11, 2024 ... Detention refers to charges incurred when a container is kept outside the port or terminal beyond the allotted free time, typically at the ... Demurrage is issued when your cargo exceeds time allotted sitting at the terminal, and detention/per diem is the fee associated with keeping the equipment past ... Jun 6, 2024 ... While both demurrage and port storage fees apply to unpacked shipments exceeding free time, demurrage charges are levied by the shipping company ... Jun 21, 2021 ... Seaboard Marine wishes to advise our valued customers of equipment demurrage and detention charges for Ecuador and Peru effective July 21, 2021. Demurrage or detention mean any charges, including “per diem” charges, assessed by ocean common carriers, marine terminal operators, or non-vessel-operating ...