Ocean Freight Industry Grapples With Detention Demurrage Costs

Ocean Freight Industry Grapples With Detention Demurrage Costs

In ocean freight exports, detention and demurrage charges are common additional expenses. This article analyzes the difference between these two fees: detention charges apply to exceeding the container's free use period, while demurrage charges apply to exceeding the cargo's free storage period at the terminal. Understanding their respective free time allowances and charging standards can help foreign trade companies effectively control logistics costs. Knowing how these fees are calculated and when they apply is crucial for minimizing unexpected expenses and optimizing supply chain efficiency.

08/22/2025 Logistics Encyclopedia
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Key Fees and Practices in Heavy Container Shipping Explained

Key Fees and Practices in Heavy Container Shipping Explained

This article delves into the multiple definitions of a 'heavy container' in sea freight, encompassing ISO standards, shipping company regulations, port weight restrictions, and specific business contexts. It elaborates on the mechanisms that generate overweight charges and provides practical advice on how to avoid them. Suggestions include accurately measuring cargo weight and applying for 'heavy-rated containers.' The aim is to help foreign trade enterprises and freight forwarders effectively control logistics costs and improve operational efficiency by mitigating the risks associated with overweight containers.

09/26/2025 Logistics Encyclopedia
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Custom Apparel Exporter Overcomes Rejection to Restore Trust

Custom Apparel Exporter Overcomes Rejection to Restore Trust

A foreign trade company faced customer returns due to quality issues in customized clothing, leading to difficulties in collecting payment and a trust crisis. Experts advise the company to proactively take responsibility, rebuild trust, and adopt a three-step strategy: assessing risks, striving for inspection, and handling issues flexibly. The importance of quality control as the foundation for the survival and development of foreign trade enterprises is also emphasized. Addressing the quality problem and communication effectively are crucial for restoring the business relationship and mitigating further financial losses.

11/03/2025 Customs Knowledge
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12 Common Pitfalls to Avoid Email Bounces in Global Trade

12 Common Pitfalls to Avoid Email Bounces in Global Trade

This article delves into 12 common reasons for foreign trade email bounce backs, including incorrect recipient addresses, disabled mailboxes, and email filtering. It provides corresponding solutions such as optimizing email content, controlling attachment size, and sending emails in batches. The aim is to help foreign traders effectively reduce email bounce rates, improve overseas communication efficiency, and seize potential business opportunities.

09/26/2025 Logistics Encyclopedia
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Guide to Incoterms Simplifies Global Trade Rules

Guide to Incoterms Simplifies Global Trade Rules

This article systematically reviews common Incoterms in international trade, such as EXW, FOB, CIF, and DDP, explaining their core functions, division of responsibilities, and risk transfer. It also analyzes specific trade scenarios. The importance of choosing appropriate Incoterms and the key aspects of risk control are emphasized, aiming to help foreign trade practitioners better understand and apply international trade terms. Understanding these terms is crucial for successful international transactions and mitigating potential liabilities.

08/22/2025 Logistics Encyclopedia
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Guide to SWIFT Codes for Tunisian Foreign Bank Transfers

Guide to SWIFT Codes for Tunisian Foreign Bank Transfers

This article provides a detailed overview of the SWIFT/BIC code UTUBTNTTXXX for Tunisian Foreign Bank in Tunisia. It explains the code's usage scenarios, its importance in international money transfers, and how to avoid remittance problems caused by incorrect codes. The aim is to assist users in successfully completing international transfers to this bank. Understanding the correct SWIFT code is crucial for ensuring that funds are routed accurately and efficiently, minimizing delays and potential complications in the transaction process.

09/02/2025 International Settlement
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Libyan Foreign Bank Adopts SWIFT Codes for Global Transfers

Libyan Foreign Bank Adopts SWIFT Codes for Global Transfers

This article provides a detailed analysis of the Libyan Foreign Bank's SWIFT/BIC code, LAFBLYLTXXX, highlighting its significance in international remittances. It offers practical guidance on when to use the code, how to avoid remittance errors, and how to handle remittance delays. The aim is to help readers complete cross-border remittances efficiently and accurately. The article covers essential aspects of using the SWIFT code for transactions involving Libyan Foreign Bank, ensuring a smoother and more reliable international money transfer process.

09/02/2025 International Settlement
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