In international shipping, few documents are as crucial—or as vulnerable to error—as the Bill of Lading (B/L). Often described as the “passport” of cargo, the Bill of Lading plays multiple critical roles in global trade: it’s a receipt, a contract of carriage, and a document of title. For ocean freight forwarders, it’s also a legal…
Demurrage and detention are some of the most common fees in ocean freight shipping that the carriers and terminals impose on importers, exporters, and freight forwarders when they keep containers beyond the allowed free time. These fees will keep accumulating until the cargo reaches the consignee’s destination. These days, demurrage and detention charges have become…