The article reviews storage and demurrage charges at ports, noting that every day of delay can increase the final cost of the transaction.
What are the floor fees and why are they increasing?
When goods remain in the port after the permitted period has expired, storage or demurrage fees may be incurred according to the regulations applied by the relevant authorities.
Therefore, completing the procedures quickly can help reduce additional costs.
Summary
Every day of delay may increase the final cost of the deal.
Not all fees are shown in the price quote.
Business
Storage fees, demurrage, ports, additional costs
The article reviews storage and demurrage charges at ports, noting that every day of delay can increase the final cost of the transaction.
What are the floor fees and why are they increasing?
When goods remain in the port after the permitted period has expired, storage or demurrage fees may be incurred according to the regulations applied by the relevant authorities.
Therefore, completing the procedures quickly can help reduce additional costs.
Summary
Every day of delay may increase the final cost of the deal.