Understanding Free Detention: The Value and Significance in Ocean Freight Containers

Understanding Free Detention: The Value and Significance in Ocean Freight Containers

Free Detention is a period in international shipping during which the cargo owner can use the container without charge, typically lasting for 7 days. Exceeding this period incurs detention fees. Understanding Free Detention and the methods for applying for extensions is crucial for cargo owners to effectively manage transportation costs. The collection of detention fees aims to enhance the utilization of containers and prevent cargo owners from monopolizing them.

Somali Shilling Faces Market Dynamics Amid Economic Challenges

Somali Shilling Faces Market Dynamics Amid Economic Challenges

The Somali Shilling (SOS) is the official currency of Somalia, significantly impacting the national economy and international markets. This article analyzes the fundamental information about the Somali Shilling, its circulation status, and the factors influencing its exchange rate fluctuations, emphasizing its potential value in international investment.