Tech Provider Proposes New Detention and Demurrage Accountability Framework
A BCO technology provider has introduced a framework outlining 20 scenarios to assign responsibility for container detention and demurrage charges. This initiative aims to streamline dispute resolution and enhance clarity among shippers, consignees, and carriers regarding these…
A technology provider specializing in beneficial cargo owner (BCO) solutions has put forth a proposal designed to clarify accountability for container detention and demurrage fees. The framework identifies 20 distinct use cases, specifying when shippers, consignees, or carriers should be held responsible for these charges. The primary goal of this initiative is to preempt costly and time-consuming dispute resolution processes by establishing clear, agreed-upon terms.
This development comes as detention and demurrage charges continue to be a significant pain point in the ocean freight industry, often leading to disagreements and financial burdens for various parties in the supply chain. The lack of standardized rules and transparent communication frequently exacerbates these issues.