Demurrage

Demurrage is a fee charged by the terminal per container for delays in unloading the cargo. It generally applies when the goods are not unloaded within an agreed-upon period and after the Last Free Day, and is intended to cover additional costs incurred due to the delay.

Demurrage fees may be calculated based on per diem rates, although other methods may also be used. Sometimes, demurrage fees can be waived if certain conditions are met.