How Do I Calculate Demurrage Charges on a Container?
Calculate Demurrage Charges with a simple formula: (days past free time) × (daily rate) × (number of containers). For example, if your free time is 5 days, your container sits for 8 days, and the daily rate is USD 150, you owe 3 × 150 = USD 450. In practice it is rarely that simple, … Read more