Shipping Industry Urges Strategies to Avoid Demurrage Fees

Shipping Industry Urges Strategies to Avoid Demurrage Fees

Demurrage and detention are common additional costs in international trade. Demurrage refers to charges incurred for exceeding the free storage time for goods at a terminal. Detention refers to charges for holding a container beyond the allowed free time. Careful planning of cargo pickup and container return, maximizing the use of free time, can effectively avoid these unnecessary expenses. It is recommended to consult local information for specific regulations regarding demurrage and detention fees.

09/28/2025 Logistics Encyclopedia
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Guide to Reducing Freight Cancellation Costs for Shippers

Guide to Reducing Freight Cancellation Costs for Shippers

This article provides a detailed interpretation of freight cancellation fee policies, emphasizing the importance of submitting cancellation notices at least seven days in advance. It clarifies that cancellation fees are calculated per container. The article recommends establishing an order tracking system, proactive communication, and collaboration with reliable partners to mitigate the financial risks associated with cancellations. By implementing these strategies, businesses can effectively control costs and minimize the impact of unforeseen freight changes.

09/28/2025 Logistics Encyclopedia
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Guide to Choosing Correct Container Sizes for Cargo

Guide to Choosing Correct Container Sizes for Cargo

This article provides a detailed overview of common container types and sizes, including dry cargo containers, high cube containers, refrigerated containers, open-top containers, and flat rack containers, as well as tank container transportation services. It aims to help readers understand the characteristics and applicable scenarios of different containers, enabling them to choose the most suitable transportation solution. The information covers various container specifications and their respective uses in cargo transport and the broader logistics industry.

09/28/2025 Logistics Encyclopedia
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Guide to Accurate VGM Declarations for Shipping Compliance

Guide to Accurate VGM Declarations for Shipping Compliance

This article provides a detailed interpretation of the VGM (Verified Gross Mass) steps in the new shipping process. It emphasizes the importance of confirming shipping information, obtaining accurate container numbers, and acquiring the actual tare weight from the container's data plate. Following these steps ensures the safe and compliant transport of goods, avoiding delays and additional costs. Proper VGM implementation is crucial for adherence to regulations and efficient supply chain management.

09/28/2025 Logistics Encyclopedia
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Inland Transport Key to Global Supply Chain Efficiency

Inland Transport Key to Global Supply Chain Efficiency

Inland transportation is a crucial link connecting maritime transport and land, encompassing various modes such as road, rail, inland waterway, and pipeline. It plays a key role in the supply chain, connecting production and consumption, reducing logistics costs, and promoting regional economic development. In the future, inland transportation will evolve towards intelligence, green practices, and collaboration. It is expected to leverage technology for optimization and sustainability, ensuring efficient and environmentally responsible movement of goods.

09/28/2025 Logistics Encyclopedia
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Maersk Line Offers Guide to Reefer Container Booking

Maersk Line Offers Guide to Reefer Container Booking

This manual provides a detailed guide on booking reefer containers through the Maersk Line platform. It covers various steps and considerations, including booking method selection, key information input, schedule selection, contract party confirmation, booking information review and submission, and post-booking confirmation procedures. The aim is to help users easily complete the booking process and ensure the safe arrival of refrigerated cargo at its destination. It provides comprehensive instructions to navigate the booking system and avoid potential issues.

09/28/2025 Logistics
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Maersk Upgrades Online Tool to Reduce Import Costs

Maersk Upgrades Online Tool to Reduce Import Costs

This article details the usage of Maersk's self-service tool for querying demurrage and detention charges, and provides an in-depth explanation of these concepts. The tool allows importers to easily track free container usage periods, effectively controlling logistics costs. Furthermore, the article offers suggestions for optimizing logistics costs, helping businesses improve operational efficiency. It emphasizes the importance of understanding and managing these charges to minimize expenses associated with container usage beyond the agreed-upon free time.

09/28/2025 Logistics
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Commodity Firms Adopt Futures Strategies to Mitigate Risk

Commodity Firms Adopt Futures Strategies to Mitigate Risk

Cash-futures combination is a crucial strategy for enterprises to mitigate commodity price volatility, stabilize operations, and enhance value. Through hedging, basis trading, exchange for physicals (EFP), and pricing to be fixed (PTBF) transactions, companies can effectively manage risk, optimize inventory, lock in costs, and potentially profit from market fluctuations. Establishing a robust cash-futures integration system is essential for modern enterprises to achieve sustainable development, enabling them to navigate market uncertainties and secure long-term profitability.

09/28/2025 Logistics Industry Insights
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Exporters Urged to Avoid Tax Rebate Calculation Errors

Exporters Urged to Avoid Tax Rebate Calculation Errors

This article provides an in-depth analysis of export tax rebate calculation methods, emphasizing the use of tax-exclusive FOB value as the basis, avoiding the common mistake of calculating based on tax-inclusive amounts or customs declaration amounts. For C&F and CIF trade terms, it clarifies the handling of freight and insurance costs. The aim is to help export companies accurately grasp tax rebate policies, comply with regulations, and reduce export costs. This ensures correct rebate applications and avoids potential financial penalties.

09/26/2025 Customs Knowledge
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Guide to Air Waybills for Freight Forwarding Professionals

Guide to Air Waybills for Freight Forwarding Professionals

This article provides an in-depth analysis of the Air Waybill (AWB), covering its definition, characteristics, uses, and the detailed functions of each copy. It clarifies the differences between AWB and Bill of Lading, and distinguishes between neutral AWBs and airline AWBs. The aim is to help international freight forwarding professionals comprehensively master AWB knowledge and improve their air freight operation skills. This understanding is crucial for efficient and compliant international air cargo transportation.

09/26/2025 Document Interpretation
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