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What is Demurrage charge?

Demurrage is a fee levied on a consignee by a consignor in case rented containers are not cleared at the port or terminal and returned to the consignor's named place.

Normally, laytime (a free allotted time) is given to the consignee. Within this free time, the consignee must clear and return the container. Otherwise, a fee is chargeable for overstaying his time at the port.

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