Demurrage cost is basically a fee charged when equipment (like shipment containers) isn’t returned on time. Think of it as a late fee for using the equipment longer than you were supposed to.
Shipping companies or terminal operators charge this fee to make sure they’re not losing out on valuable time and resources and to encourage people to return the equipment on time.

So, if you’re a carrier, forwarder, consignee, or someone else using the equipment, you’ll want to ensure you return it on time to avoid paying demurrage costs.

For example, if the necessary documents for receiving the goods at the port need to be corrected, it will prolong the process. The consignee may also not have the right information, which can lead to the shipment being held at the port and incurring demurrage costs.

The loss of important documents, such as a bill of lading, can lead to delays and result in demurrage costs. Furthermore, if the buyer is unreachable or delays receiving the delivery, it can result in extended time and demurrage costs being charged by the port.

To avoid paying demurrage fees, it’s essential to stay informed on the status of your container. 

The ShipsGo notifications will keep you updated and prevent you from incurring overdue charges.

ShipsGo notifications will provide you with detailed tracking information, including the vessel name, ports of loading, discharge, transshipment, and dates.
You can also track your shipment on a live map by clicking the “Go Live Position” button in the notification email.

For more information about ShipsGo, visit our blog by clicking the link.