The Federal Maritime Commission (FMC) issued its long-awaited final rule on detention and demurrage billing practices in 2024. This regulation is a critical development for shippers, carriers, and logistics providers, aiming to increase transparency, accountability, and fairness in how these charges are assessed and communicated. Here’s what you need to know about the FMC’s latest rule and how it could affect your operations.
Detention and demurrage charges are a fundamental part of shipping operations.
These charges are intended to encourage efficient cargo movement…
