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Demurrage and Detention Fees

Estimated reading time: 6 minutes For those in the business of shipping, delays can be costly. It is common practice for ship-owners to charter vessels in return for freight. When calculating freight, ship-owners take into consideration the period of the charter. Therefore, where a ship-owner has calculated freight based on the time for which the…

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Estimated reading time: 5 minutes     Global oil and gas terminals today are faced with multiple challenges. With the recent introduction of the IMO 2020 Regulation: Standards, Compliance and Outlook for Marine Fuels changing the global fuel supply chain, organisations are faced with the challenge of complying with an increasing number of rules, regulations…

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