Geopolitical crises, weather disruptions, tax adjustments, and growing demand in Asia are all factors reshaping the logistics business. To keep ...
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Storage
What is Storage?
Storage is a fee levied on a shipping line by the port authority if their container stays at the port or terminal beyond the laytime given to clear them. In simplicity, storage is a fee charged on any container that is not moved from the storage space/terminal when preparing to be loaded onboard a truck or a vessel.
Storage should not be confused with detention or demurrage. Port authority charges the fee on storage and the shipping company charges a fee for detention and demurrage.
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