Maritime Industry Grapples With Rising Demurrage Costs

Maritime Industry Grapples With Rising Demurrage Costs

This article analyzes the meaning of "On Demurrage" in voyage charters and its relationship with demurrage charges. Demurrage fees are costs incurred by the charterer for exceeding the loading and unloading period specified in the contract, usually calculated on a daily basis. The contract outlines the conditions for entering a state of demurrage, which varies in terminology across different countries. Additionally, it explores the distinctions between demurrage in voyage charters and container transport.

07/28/2025 Logistics Encyclopedia
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Chandigarh Airport Expands with New International Terminal

Chandigarh Airport Expands with New International Terminal

Chandigarh Airport is an important aviation hub in Northern India, located in the southern part of Chandigarh. Currently serving several domestic airlines, the airport is set to expand into an international airport to enhance passenger capacity and plans to build a new international terminal. Future developments are expected to improve the quality of flight services and meet the growing demand for air travel.

07/29/2025 Logistics
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Airlines Boost Profits with Rising Ancillary Revenue

Airlines Boost Profits with Rising Ancillary Revenue

This paper delves into the rise of airline ancillary revenue and its impact on industry profitability and passenger experience. By analyzing the growth drivers, composition, benefits, and the role of innovative startups in ancillary revenue, it reveals its increasing importance in airlines' financial stability and personalized services. The study also explores the future development trends driven by technology, highlighting how ancillary revenue is reshaping the aviation landscape and offering new opportunities for airlines to enhance revenue streams while improving the overall travel experience for passengers.

12/29/2025 Airlines
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Latin America Enhances Trade with Crossborder Partnerships

Latin America Enhances Trade with Crossborder Partnerships

The World Customs Organization supported a Trade Facilitation Committee meeting for Latin American countries, focusing on issues such as expedited customs clearance, transit, and cooperation among border agencies. The meeting emphasized strengthening collaboration between border agencies and the private sector, as well as monitoring the implementation of the Trade Facilitation Agreement (TFA) to ensure the sustainability and success of trade facilitation efforts. These discussions aim to streamline processes and foster a more efficient and collaborative trade environment within the region.

01/05/2026 Customs Knowledge
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Namibia Boosts Trade with Wcobacked Stakeholder Talks

Namibia Boosts Trade with Wcobacked Stakeholder Talks

WCO held a workshop in Namibia to support its implementation of the WTO's Trade Facilitation Agreement and enhance its National Committee on Trade Facilitation (NCTF) capabilities. The workshop emphasized the importance of stakeholder engagement and leveraging international best practices to promote trade facilitation. It aimed to provide Namibia with the necessary tools and knowledge to streamline its trade processes, reduce costs, and improve efficiency, ultimately boosting its economic competitiveness.

01/05/2026 Customs Knowledge
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Mongolia Improves Customs Valuation with WCO Assistance

Mongolia Improves Customs Valuation with WCO Assistance

At the request of the Mongolian Customs General Administration, a World Customs Organization (WCO) expert team conducted a diagnostic review of its valuation system and provided recommendations for improvement. The aim is to assist Mongolian Customs in building a more efficient and transparent valuation system by strengthening internal cooperation, developing talent, and keeping abreast of international best practices. This will enhance revenue collection, optimize the business environment, and promote trade development in Mongolia.

01/05/2026 Customs Knowledge
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Tunisia Boosts Customs Audits with WCO Assistance

Tunisia Boosts Customs Audits with WCO Assistance

The World Customs Organization (WCO) held a national workshop on Post Clearance Audit (PCA) in Tunisia, aiming to enhance the Tunisian Customs' PCA capabilities. The workshop covered WCO guidelines interpretation, human resource management, case studies, and group discussions. It assisted Tunisian Customs in optimizing audit processes, addressing risks in complex trade environments, and promoting economic development. The training sought to improve efficiency and effectiveness in identifying and addressing compliance issues after goods have been released, contributing to a more secure and predictable trade environment.

01/05/2026 Customs Knowledge
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Uzbekistan Boosts Customs Tech with Sinogerman Partnership

Uzbekistan Boosts Customs Tech with Sinogerman Partnership

Within the framework of the World Customs Organization, Uzbekistan virtually studied Germany's post-clearance audit (PCA) experience to improve its customs management and build an efficient and compliant PCA system. The study covered the introduction of Germany's PCA system, case studies, AEO linkage, and the application of information technology. This provided valuable insights for Uzbekistan and serves as a reference for other developing countries. The focus was on learning best practices to enhance compliance and streamline trade processes through effective post-clearance controls.

01/05/2026 Customs Knowledge
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Cameroon Boosts Trade with WCO Customs Reform

Cameroon Boosts Trade with WCO Customs Reform

The World Customs Organization (WCO) conducted a diagnostic assessment of Cameroon's customs valuation control system to enhance trade efficiency and compliance. Through in-depth discussions with customs officials and business representatives, the WCO proposed recommendations to strengthen valuation capacity, optimize processes, and enhance information sharing. These efforts aim to help Cameroon better implement the WTO Valuation Agreement, promote trade facilitation, and foster economic growth. The assessment focuses on improving customs valuation practices to streamline trade procedures and ensure fair revenue collection.

01/05/2026 Customs Knowledge
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Azerbaijan Enhances Customs Efficiency With WCO Support

Azerbaijan Enhances Customs Efficiency With WCO Support

The WCO assessed and advised the Azerbaijan Customs on improving its human resource management. The assessment emphasized competency-based workforce development, offering valuable insights for customs administrations in other countries. The recommendations focused on building a skilled and motivated workforce to enhance customs operations and efficiency. This initiative serves as a model for other nations seeking to modernize their customs human resource practices and align with international standards. The WCO's guidance aims to foster a more effective and professional customs service in Azerbaijan.

01/05/2026 Customs Knowledge
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