WebExpand shortcuts ETD and ETA. E.T.A. / ETA (Estimated / Expected Time of Arrival) – expected date of ship’s entry into port, abbreviation used in the ship timetables; E.T.D. / ETD (Estimated / Expected Time of Departure) – expected date of ship’s departure from port. WebApr 19, 2024 · Per diem (per day) is a detention fee where a fixed rate is charged per container per day until the equipment is returned to the port or container yard. Many terminals use the terms detention and per diem synonymously. In both cases, the fees are the result of a late container return and are applicable to both imports and exports.
The Difference Between Demurrage, Detention, & Per Diem Fees
WebAll ports offer a certain free period (may be 3-7 days) to allow the customers time to process import requirements and take delivery of the containers from the port.. However, there are cases where the consignee may be unable to take delivery from the port due to documentary, financial or contractual problems etc.. WebJan 11, 2024 · In its simplest meaning, it is the time taken to complete a task. When an organization has abnormally high demurrage and detention charges, time study and … raycodex selling script
Port Definition & Meaning - Merriam-Webster
WebOct 18, 2024 · Within the shipping industry, the terms “detention charges” and “per-diem charges” (or, “per day charges”) are often used interchangeably. These charges are assessed to the cargo owner when a container is not returned within a set number of days (free days). To illustrate, you (the shipper) are importing a container to the Port of ... Web10. CONVENTIONAL DAY is new and has been included in recognition of the fact that a period of twenty-four hours in relation to laytime counting is likely to start at any point during a Calendar Day. 11. WORKING DAY the meaning has been brought into line with English law. 12. RUNNING DAYS or CONSECUTIVE DAYS the provision is unchanged. 13. Webgovernment or port authority after the term of the concession. The ownership of the conces-sion area (port land) vests in the private party or consortium during the entire concession … simple skyscraper drawing