Effective	24JAN2022
Filed	24JAN2022
Filing Codes	IC

The term "Demurrage" indicates a daily charge assessed to the
shipper/consignee for the use of space, the occupation of land at marine
terminals and/or services provided at the carrier's load/discharge port,
rail ramp or inland container yard (CY) facility when the cargo remains in
or on carrier's containers, tanks or trailers and/or such facilities beyond
the permitted free-time as stipulated per tariff or contract of the vessel
operator or the marine terminal after the expiration of free time. The term
"Detention" (includes Tank Demurrage) indicates a charge for the use of
equipment. The term "Free time" indicates the grace period for which
neither of these charges will be incurred. Any charges for storage,
detention or demurrage of freight or containers, as a result of being in
excess of the free time prescribed or agreements, assessed by vessel
operators on whose vessel cargo is/was transported or terminal operator at
origin point or port or destination point or port due to some default or
oversight of shipper or consignee or holder of bill of lading is for the
account of such shipper, consignee or holder of a relevant bill of lading
("holder"). The "Merchant" as defined by the carrier's bill of lading and
shipper, consignee, holder hereof, and owner of the goods shall be jointly
and severally liable to Carrier for the payment of all detention, demurrage 
or storage charges before, during and after the carriage of the cargo.

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