News
Members of the Korea Nearseas Freight Conference (KNFC), a conference of shipping companies catering to the trade between Japan and South Korea, are set to raise demurrage and detention charges they collect at ports in Japan, effective on August 1. They have informed the Korean Shippers’ Council (KSC) of the business plan.
When dry containers are stored for over the six-day free time, the demurrages will go up 33.3% from \3,000/day to \4,000/day for 20-foot containers and from \4,500/day to \6,000. On and after the 13th day, they will be raised from \6,000/day to \8,000/day for 20 footers and from \9,000/day to \12,000/day for 40 footers.
The free time for specialized containers is two days. Beyond this period, the demurrages will be inflated 200% from \3,000/day to \9,000/day for 20-foot containers and from \4,500/day to \13,500/day for 40-foot containers. On and after the ninth day, they will be lifted from \6,000/day to \18,000/day for 20 footers and from \9,000/day to \27,000/day for 40 footers.
The detention charges for dry containers, to which a free storage period of six days is given, will go up 25% from \800/day to \1,000 for 20-foot containers and 15.4% from \1,300/day to \1,500/day for 40-foot containers. On and after the 13th day, they will be advanced 25% from \1,600/day to \2,000/day for 20 footers and 20% from \2,500/day to \3,000/day for 40 footers.
When specialized containers are left for more than two days, the detention charges will be raised 400% from \800/day to \4,000/day for 20-foot containers and 515.4% from \1,300/day to \8,000/day for 40-foot containers. On and after the ninth day, they will increase 400% from \1,600/day to \8,000/day for 20 footers and 540% from \2,500/day to \16,000/day for 40 footers.
