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Haulers will usually charge an hourly rate for each hour after the allowed time. [7] Demurrage can also refer to the cost levied by shipping lines to cover redecoration of the container after use by the merchant, but it could also be the charges by the shipping line to customers for not returning the container in a reasonable time. [8]
For ships not exceeding 500 Gross Tons (GT), the first registration fee is HK$3,500; ships exceeding 500GT, the fee is HK$15,000, much lower than the original charges of HK$100,000. If a ship has no detention record under Port State Control (PSC) regime within 2 years, the registered ship receives a 6 month ATC reduction for the next year.
Roll trailers are a common equipment used in ports and on board of roll-on/roll-off ships, [1] to facilitate the shipping of unmovable commodities and oversize load from one port to another. Standard lengths of roll trailers are 20, 40 and 62 feet (6.1, 12.2 and 18.9 m), in line with twenty-foot equivalent unit shipping containers , but can ...
Annual Tonnage Charge (ATC) Reduction Scheme [3] Since February 2006, the Annual Tonnage Charge (ATC) Reduction Scheme has been enacted to reduce the long term cost for ship owners, whereby, for every two years of the qualifying period, satisfying: given the ship is continuously registered with the Hong Kong Shipping Register;
Affreightment (from freight) is a legal term relating to shipping.. A contract of affreightment is a contract between a ship-owner and a charterer, in which the ship-owner agrees to carry goods for the charterer in the ship by water. [1]
The second of five storms that will slam the eastern half of the United States with snow and ice over a two week period is on the way – and this one has more snow than the first.
The port state control (PSC) makes inspection of ships in port, taken by a port state control officer (PSCO). Annual report of Paris MoU reported that a total of 74,713 deficiencies were recorded during port state control inspections in 2007, which deficiencies resulted in 1,250 detentions that year. [13]
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
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