Key Takeaways from New Detention & Demurrage Billing Requirements
The FMC has issued a final rule for demurrage and detention billing requirements, effective as of May 28, 2024. This ruling is in accordance with the Ocean Shipping Reform Act (OSRA’22) and requires common carriers and marine terminal operators to include specific minimum information on demurrage and detention invoices, amongst other changes. Notable Takeaways The…
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