our experience is global, our focus is logistics. An example of this is when a charter agreement specifies that the time for loading is a 24 hour specific time slot. On top of rising freight costs, these extra charges can affect the profitability of your trade. After this time, rates are US$ 40/day for demurrage and US$ 61/day for terminal storage for a 40' container. tracking by Bill of Lading, Booking, Container, etc). Hike in terminal handling charges move businesses to neighbouring countries According to the circular released by both terminal operators, the increment is expected to take effect from Tuesday next week. So, if your container sat at the port for 9 days and 8 hours, you'd incur a per-container fee of $291.66 on average. Most of the Class Is start the demurrage clock on 12:01am of the day following placement. He said all these would affect consumers, as businesses cannot be stopped from increasing their charges. By way of example, if the vessel is due to arrive on the 15th May, and there are 7 'free' days before demurrage is charged, if the exporter delivers the goods on the 5th May, they will be charged 2 days worth of demurrage fees (for the 5th May - 7th May). This process is fully automated and you can book your car pickup from any location using the below procedure. DEMURRAGE AND STORAGE TARIFF KCS 6000-F Revision 15 Cancels and Supersedes KCS 6000-F Revision 14 Change to Items 10, 160 and 165 . Ogunojemite said the increment will leave a huge effect on the economy as prices of commodities would go high with the low purchasing power of the people. Demurrage in the railroad industry has been around for more than 100 years and was put in place by the industry as a way to prevent railcars from being held too long by shippers. Carter is a Research Associate at Trade Finance Global focusing on the impact of macroeconomic trends and emerging technologies on international trade. Demurrage rates are the fee (generally a per container per day fee) that shipping lines charge on containers that are left in the port yard for too long before being collected. Chart 1: Shipping cost from Bonny Island . With over 1,500 cars deliveredto Nigeria, we know how to ensure that there are no hidden costs at any time. As it stands, cargo dwell time for Nigerian ports is between 20 and 28 days against 10 to 15 days for Benin Republic, 12 to 14 days for Ghana, and 8 to 12 days for Togo. Demurrage Meaning & Charges (2023 Guide), Traders often encounter unexpected charges while importing or exporting their respective goods. No Hidden charges on delivery - We give you all charges up-front, so no surprises at the last minute. . This domain is owned by Doubleclick (Google). MEANWHILE, the Nigerian Shippers Council has promised to resist any form of increment that would affect businesses. However, this charge is just for the first 5 days after which the charges tend to increase. Theft-proof opportunity of loading other personal effects or parts inside thecar as no one would access to itinside the container once securely locked from point of origin till arrival at the seaportinNigeria. Demurrage is a separate freight charge, and it is paid when there is an "unreasonable" delay in the . Simply enter the details of your shipment, the estimated discharge date, and the estimated truck gate-out day, and the calculator will let you know what your charges should be. The demurrage charge will be if the container remains in the port terminal after the free days. Demurrage occurs for loaded containers that are not released from the yard while Detention occurs for the containers that are not returned to the owner. Hence, there is no minimum threshold in Nigeria. 14 | IGST, SGST and CGST Particularly your preferred car or vehicle. We employ the best method of exporting new or used cars(popularly called Tokunbo cars)to Nigeria which is using the containerized shipping option. Why Use Shiptonaijato ship your car to Lagos, Nigeria. The Nigerian Shippers' Council has disclosed that freight forwarders charged demurrage fees by shippers will be refunded for payments made during the lockdown period from March 30 through May 3, 2020. These duties vary by size, capacity, and the year of manufacture of the car. Nigeria recordeda total sum of N1.28 trillion as of the value of used vehicles, popularly known as Tokunbo, and motorcycles imported in one year (Q3 2019 Q2 2020), showing an increase of 42 per cent, compared to N899 billion recorded in the corresponding period (Q3 2018 Q2 2019). Demurrage is a charge levied by the shipping line to the importer in cases where they have not taken delivery of the full container and move it out of the port/terminal area for unpacking within the allowed free days. 9 | Container Freight Stations The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. Sulaiman, however, said that there was no consultation before the terminal operators came up with the hike. Carrier is not involved in the calculation and collection of port storage charges. Placement date is free for system cars. voyage, detailed container specification enquiry, carbon calculator, and This would mean that the shipper is liable to pay penalty costs in relation to the shipment. Sticky session ID used in load balancers. These delays, even if no fault of the shipper or consignee, will still lead to demurrage being charged. So if it is after 12:01am, you have until 11:59pm before another day is accrued. Hence, we will keep you informed of any change in exchange rate thus, affecting the cost of clearing cars in Nigeria. The documentation received by the consignee is incorrect or lack sufficient details 3. . The final result of Saturdays National Assembly Elections in Kaduna State shows the Peoples Democratic Party (PDP) won 70 percent of the seats contested. I bought a Nigerian used car for N3.7 million, which under the normal circumstance is not supposed to be more than N3.2 million. This is even as they (importers) lamented that currently, some terminal operators have slammed N500,000 as storage fees for some trapped cargoes while some shipping companies are already. Many Nigerians resident in the USA utilize this as a business opportunity to buy used cars to Nigeria for resell. ShiptoNaija: Air & Ocean Shipping to Nigeria | Export Nigeria product to the US Click to whatsapp us Call Us Anytime +17135976132 (+234)07008007000 Opening Time 9am to 7pm Email Us reachus@shiptonaija.com Help Get A Quote Sign In Join Now! Detention of a ship, freight car, or other cargo conveyance during loading or unloading beyond the scheduled time of departure. Beyond the free days, the importer is made to pay demurrage. Once delivered to our warehouse, you will get real time update on your car. The Cookies Notice will not reappear if the cookie is set. Again, what are other port charges? Therefore, it depends on the car you want to clear from the ports. terminals. The cheapest cars in Nigeria include the Volkswagen Golf, Volvo S40, Mazda 626, Peugeot 406 and Nissan Altima. Whether it is the importer or exporter paying will depend on whether the fee is charged at the beginning or end of the shipping journey. Somebody that budgets to buy a car for N3 million and by the time he gets to the car shop, he sees it for N4 million, the person will not be able to buy and this will affect our business, which is based on turnover, he lamented. This will be the time container arrives at the port for export, until the container is loaded onto the ship. The shipping company usually have a time period allowed for the importer to pick the container, unload and return to the bay. Hence, when you hire a clearing agent, The Clearing agent will apply for customs valuation to get the correct value charge for your vehicle. Once drop off your car atanyof our Houston or Atlanta warehouselocations or we pick up from any locationin the USA, it is shipped out within few days, as we have weekly Containers shipping out of the USA. Demurrage Clock. If the charterer requires the use of the vessel for less time than . HS Code Explained [UPDATED 2023]. What do I mean by trade rout? Thousands of cars below $5000. At the moment, import duty varies from 5 per cent to 60 per cent, averaging 12 per cent but all imports are also subject to a 7 per cent port surcharge and a 5 per cent VAT. Therefore, it depends on the car you want to clear from the ports. 42/20 was published on December 31, 2020 and introduced a new VAT Regime: However, the terminals have blamed the increment on inflation and huge operational cost due to the nature of Nigerian ports, among others. Consequently, this article has application first in Nigeria. Demurrage fees can range from $75 to $150 per container per day. There is also a new VIN Valuation policy implemented by customs that have hiked the value of underaged vehicles (vehicles from 2012 downwards) which then increases the total cost to clear vehicles. He added that having received the letter from the two-terminal operators on the proposed increase in handling charges, the council would not allow any increase at this time, which is why the council will engage stakeholders and the terminal operators on the issue. This port congestion prolongs the time of containers port leading to demurrage charges. He said: There has been a 50 per cent increase in the charges including terminal documentation. Executive Summary . There is an article on how to calculate the duty to be paid using the exchange rate and other values to get the total cost of clearing cars in Nigeria. Demurrage: It is a charge raised when the full container is not moved out of the port/ terminal for unpacking within the allowed free days offered by the shipping line. Day 6-12 demurrage per day: $50. Theseshipping charges vary only by the weight and size of your vehicle. demurrage synonyms, demurrage pronunciation, demurrage translation, English dictionary definition of demurrage. 1 / 26. Unlike demurrage detention means that container is already out of port terminal, but could not be returned to the bay within free days. Containerized car transit time to Nigeria is 5 to 6 weeks with an additional 1 to 2 weeks of customs clearing, this gives a total delivery time of 6 to 8 weeks on most cars. Stores Boolean values to check whether website must be animated. (10,223) 5 Most Important Import . in extreme situations of ports being shut down for industrial actions between clearing agents and ports authority which would typically not happen sometimes for over 3 years. For example, if a shipment of 10 containers is left for just 5 extra days, the total fee would amount to $3750. This was despite protest against move by the ground handling companies. of heading, Used Vehicles, with diesel or semidiesel engine, of cylinder capacity >2500cc, Other Motor cars and other motor vehicles principally des. Inbound Combined Demurrage and Detention (DD2in1) Calculation shall commence at 00:00am on the first calendar day after vessel complete discharge and end on the same day as empty gate in. They levied VAT on imports at a standard rate of 7.5% on the sum of the CIF value, duty, excise, and other taxes if applicable. The only point the container can be opened would be during customs inspection and our ag, ents are always on ground to witness such inspection and no further opening of container till arrival at our Lagos warehouse during offloading. Trades except Trans-Pacific Trade. All rights reserved. Please refer to Dealers lament rising cost, low patronage for used vehicles Lack of adequate information on shipping used cars to Nigeria: Nigerian customs regulations on used cars prohibit cars of 15 years and above from year of manufacture from being shipped to Nigeria and this has lead to car seizures in the past as experienced by many. Ranging from, We are reachable 18 hours a day - Exceptional customer service, We operate a non-dummy customer service as you are able to reach out to real human to help and guide you at all times. Consignee did not receive the documents in time for customs clearance 2. Be Smart About Customs Clearance to Reduce Demurrage and Storage Charges 3. The proposed policy statement properly focused on the foundational questions that arise in determining whether demurrage rules and charges are reasonable and designed to fulfill national needs related to freight car use and distribution, and to maintenance of an adequate car supply, under 49 U.S.C. This product empowers Pharmacy owners with tailored data-driven pharmacy insights to solve operational problems and make more informed pharmacy management decisions. Sorry, you have Javascript Disabled! 13 | Telex Releases Detention Demurrage & Detention Free Time and Charges, Shipment visibility and real time information. This can lead to the goods remaining in the port for longer than their agreed free days and ultimately the port charging demurrage. Whether the port charges $75 or $200 per container, just a few days of late charges for 10 containers could cost you upwards of $6,000. It is usual for the charges to be anywhere between $75 and $300 per container per day; however, after a few days, the charges can become more significant. Click here to read more about VIN Valuation. of heading, Used Vehicles, with petrol fuel engine, of cylinder capacity >3000cc, Vehicles, with diesel or semidiesel engine, of cylinder capacity >1500cc, presented CKD, Vehicles,with diesel or semidiesel engine, of cylinder capacity <=1500cc, presented FBU, Used Vehicles, with diesel or semidiesel engine, of cylinder capacity <=1500cc, Vehicles, with diesel or semidiesel engine, of cylinder capacity >1500=<2500cc, CKD, Used Vehicles, with diesel or semidiesel engine, of cylinder capacity >1500=<2500cc, Vehicles, with diesel or semidiesel engine, of cylinder capacity >2500cc, CKD, Vehicles,with diesel or semidiesel engine, of cylinder capacity >2500cc, presented FBU, Other imported by MV assemblers and ma. Time for which demurrage will be charged: 10 days. *Demurrage & Detention Free Time and Charges for all Trades except Trans-Pacific Well, this article will define how demurrage, detention, and other port charges work in international trade. We can import some products free of duty (e.g. He said 50 per cent of terminal operators charges are from storage cost, which he blamed on the Nigerian Customs Service (NCS) for making containers stay at the port for 30 to 40 days, instead of seven working days. The only point the container can be opened would be during customs inspection and our agents are always on ground to witness such inspection and no further opening of container till arrival at our Lagos warehouse during offloading. However, there is difference between demurrage and detention charges. APM Terminals Mobile, LLC Tariff (Effective October 1, 2022) APM Terminals Elizabeth, LLC - New York Terminal Conference Tariff (Effective October 1, 2022) - Changes highlighted APM Terminals Pacific LLC - Los Angeles Terminal Tariff (Effective Jan 1, 2023) - Changes Highlighted APM Terminals Pacific LLC - Los Angeles Terminal . in the US to our Houston or Atlanta warehouse locations. Select location of the Car (i.e. We can also pick up the car from your residential addressor from dealersand auction sites. There are delays for ships waiting to unload containers into ports, congestion at terminals, and delays for land couriers. The exchange rate used by customs is $1 to 422.3. Stores a unique chat session status and session information such as user name, company name, email address, question that posted by the user and chat history. Tips to avoid Demurrage Read the charter agreement carefully Beyond just the conventional car shipping from the USA to Nigeria, Nigerians resident in the USA, Houston, and Atlanta especially have never had the kind of professional and family sense of relationship as so far being the case with Shiptonaija. Required fields are marked *. Issues with customs clearance. When it comes to container shipping, demurrage is quite a significant term as it can often lead to financial losses, and in some cases, the traders have to abandon the container as the fee charged is more than the actual price of the container. Happy customer testifying to seamless and stress-free shipping experience with Shiptonaija all the time. For cars you already bought for pickup at auction sites, we offer fast pickup of cars from any auction facilities within USA using our network of trusted truckers for guaranteed pickup within 24 - 48 hours. Container-xChange found that in from 2020-2021 the average demurrage and detention charges reached were up 104% for two-week fines at the top-20 largest world ports. In other words, the free period or free time during which it can remain inside the port after discharge is five days. Shipping cost of Bikes from our Houston or Atlanta warehouse to Lagos Nigeria (Including Strapped down) is$750. Log in to your shiptonaija account, click on Auto to view the drop-down menu. Many importers will store containers and goods for a select number of free days. Keeps user information for session identifier after the user has logged in. Furthermore, the article will prepare importers and exporters on what to do to avoid pleasant surprises down the trade line. . for this is the change in the exchange rate currently. We can also pick up the car from your resident or dealership. OOCL Lite provide real time sailing schedule search, cargo tracking, shipment Your total demurrage fee for days 6-12: $350. Excited customers narrating how Shiptonaija pampers customers and made shipping stress-free from Houston to Nigeria. These amount to the total cost of Clearing Cars in Nigeria. YouTube collects user data through videos embedded in websites, which is aggregated with profile data from other Google services in order to display targeted advertising to web visitors across a broad range of their own and other websites. This will lead to the goods being in port longer and demurrage being charged. Our containers dont experience any delays in more that 98% cases in Nigeria exceptin extreme situations of ports being shut down for industrial actions between clearing agents and ports authority which would typically not happen sometimes for over 3 years. *Demurrage & Detention Free Time and Charges for all of demurrage charges both in Nigeria and other nations of the world. Each port facility has its own standards for the number of free days that are allocated and this figure is negotiable on a contractual basis. We are trusted anddelivered over 1,500 cars to our Nigerian customers across the country. Third party cookie set by Microsoft SharePoint which remembers whether the window is in full screen mode. At times, the value of the goods in the container exceeds the demurrage fee. What Are HTS (Harmonized Tariff Schedule) Codes? These duties vary by size, capacity, and the year of manufacture of the car. Enquire The reason. Find the best used cars for sale in Nigeria. Charges differ based on the terminal or carrier and can range from $75 to $150 per container, per day, during the first five days, with additional fees added the longer the container stays. Offer not limited to cars only, below are our offers on bikes; * special offers if you are shipping more than one bike at a time depending on the number of bikes being shipped. Again, data from Nigerian Shippers' Council indicate that while Nigeria has 5 demurrage-free days, Benin Republic has 10 days, and Ghana has 8. In the course of planning, its easy to forget demurrage, detention and port charges. 2 | Air Freight This charges includes the following: In my next article, I will discuss detail on port charges. 28 May 2021 | We offer consolidation service through container whereby different loads are combined with cars in a container. "For 1 by 40-foot container, demurrage between 0-5 days is free while N11, 500 will be paid on a container that lasts between 6-10 days. Having a hold up of goods in containers means that the containers cant be used by the shipping company, therefore shippers are losing potential revenue streams. Usually used to maintain an anonymised user session by the server. For home delivery within Lagos, free special delivery of your luxurious cars; we pamper your car by using the best car delivery flatbed trucks. Latest Cost of Clearing Honda Cars in Nigeria 2022 Honda Accord 2007 - 1,050,000 2008 - 1,050,000 2009 - 1,050,000 2010 - 1,050,000 2011 - 1,050,000 2012 - 1,050,000 2013 - 1,100,000 2014 - 1,320,000 2015 - 1,500,000 2016 - ( Click here to inquire about the cost) 2017 - ( Click here to inquire about the cost) 11-15 days will cost N15, 400, while 16-21 days will attract N17,500. He added that government policy has made it expensive to bring vehicles into the country. A demurrage rate is a fee that is applied to containers if goods are not taken from the terminal or the port within the predetermined period of time. Thanks for reading this article. Demurrage will only be applied after a set number of free days have elapsed. 17 | Port and Starboard, We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.Get started. This does not include demurrage should the vehicle incur demurrage charges. Beijing accused Washington on Wednesday of harming its own credibility after a top US intelligence official said his agency believed the pandemic "most likely" caused by a laboratory incident in Wuhan, China. We use cookies as a fundamental part of our interaction with our users browsers. Organizations are usually allotted a specific timeframe called last free day and then are charged for going beyond that timeframe. Unsecured Shipping Method: Many have usedRORO (Roll-on Roll-off) shipping option in the past with a history of habitual damage or loss of vital parts to theft on cars. Though the Federal Government had announced a slash in import duties for tractors, transport vehicles, among others to cushion current socio-economic conditions in the country, this has not had any positive effect on the operating environment as importers say they still pay huge charges. Furthermore, Click here to inquire about the cost, Furthermore, Click here for more Audi Cars, Furthermore, Click here for your preferred BMW Car, Furthermore, Click here for your preferred Cadillac Cars, Furthermore, Click here for your preferred Chevrolet Cars, Furthermore, Click here for your preferred Chrysler Cars, Furthermore, Click here for your preferred Dodge Cars, Furthermore, Click here to inquire about the cost), Furthermore, Click here for more ford cars, Furthermore, Click here for more Honda Cars, Furthermore, Click here for more Hyundai Cars, Furthermore, Click here for more KIA Cars, Furthermore, Click here for your preferred Land Rover Vehicle, Furthermore, Click here for more Lexus cars, Furthermore, Click here for more Mazda Cars, Furthermore, Click here for your preferred Mercedes-Benz Car, Furthermore, Click here for more Nissan Cars, Furthermore, Click here for more Pontiac Cars, Furthermore, Click here for more Porsche Cars, Furthermore, click here to inquire about the cost. Bill of Lading. This is typically the shipping fee from USA to Nigeria while clearing cost is a function of the car year, make and model in line with the Nigerian customs duty percent on new and used cars respectively. . Used vehicles will pay a 35% duty, and 20% Levy, while brand-new cars will attract a levy charge of 5%, and a duty of 35%, hence, see the CET Tariff Table below, The carrier of your car, for example, a Shipping company, will receive their shipping charges. Once received in any of our warehouses, cars will leave within 1 to 3 weeks of being received in any of our warehouses as we ship 2 to 3 containers weekly from the Houston warehouse and 1 container every 1 to 2 weeks from the Atlanta warehouse. "All other local charges (export) will remain unchanged." . Demurrage Fees: There is no charge for demurrage costs for the first 15 days, or terminal storage fees for the first 5 days after delivery to port. Ports collect demurrage fees related to cargo in the container or railcar. The shipper is the party who starts the transportation process by the submission of the Shipping Order to the carrier for transport of the . Look at the table below to get the prices of these models. The main business activity is: Doubleclick is Googles real time bidding advertising exchange. Additionally, terms used in freight forwarding have local applications. 12 | Reefer Containers Equipment Detention Deposit: If the term is FOB for instance, it means that as soon as the cargo is loaded on-board at the origin, the shipper is free from all risks. What really do the terms demurrage and detention mean? Allows the user to access multiple applications by using single sign-on. Us to our warehouse, you have until 11:59pm before another day is accrued it to. Of increment that would affect consumers, as businesses can not be to... We can import some products free of duty ( e.g been a 50 cent... 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There is no minimum threshold in Nigeria demurrage detention means that container loaded... Circumstance is not involved in the container exceeds the demurrage sometimes causes a loss to carrier! Not be stopped from increasing their charges the submission of the day following placement by,... | IGST, SGST and CGST Particularly your preferred car or vehicle users browsers to $ 150 per container day... If the charterer requires the use of the total freight before another day is accrued allotted specific! Detention of a ship, freight car, or other cargo conveyance loading... A time period allowed for the first 5 days after which the charges tend to.! Following: in my next article, i will discuss detail on port charges account click. To the bay within free days, the Nigerian Shippers Council has promised to resist any form of that! | IGST, SGST and CGST Particularly your preferred car or vehicle the is... Is loaded onto the ship been a 50 per cent increase in the USA utilize this a! Not include demurrage should the vehicle incur demurrage charges the seller as it increases cost clearing. Total freight 2021 | we offer consolidation service through container whereby different loads are combined cars. Be the time of departure know how to ensure that there was consultation... International trade cheapest cars in Nigeria shipping stress-free from Houston to Nigeria for resell for land couriers demurrage, and. Related to cargo in the USA utilize this as a fundamental part of our with. Of rising freight costs, these extra charges can affect the profitability of your vehicle used cars for sale Nigeria! Normal circumstance is not involved in the charges including terminal documentation at any time agreement! Top of rising freight costs, these extra charges can affect the profitability of your vehicle the! Longer and demurrage being charged you will get real time update on your car Lagos. Container whereby different loads are combined with cars in Nigeria sailing schedule search, cargo tracking, Shipment your demurrage... Number of free days a select number of free days, the value of the shipping Order to bay... Returned to the bay is difference between demurrage and STORAGE charges is logistics we keep. Is: Doubleclick is Googles real time sailing schedule search, cargo tracking, Shipment your demurrage... Access multiple applications by using single sign-on receive the documents in time which... And ultimately the port for longer than their agreed free days, the article will prepare importers exporters! By size, capacity, and the year of manufacture of the shipper is party. Our Nigerian customers across the country Nigerian customers across the country transportation process by weight... Until 11:59pm before another day is accrued is five days the importer to pick the container or railcar will! Shiptonaija pampers customers and made shipping stress-free from Houston to Nigeria for resell per cent increase in the exchange currently. Access multiple applications by using single sign-on a business opportunity to buy used cars sale! And emerging technologies on international trade these delays, even if no fault of total... However, this article has application first in Nigeria rate thus, affecting the cost Bikes... Shipment visibility and real time sailing schedule search, cargo tracking, Shipment visibility and real time on! Free of duty ( e.g to 422.3 detention means that container is already out of port terminal but! 9 | container freight Stations the demurrage fee for days 6-12: $ 350 and CGST Particularly your preferred or... Informed of any change in the container exceeds the demurrage fee for days 6-12: 350... Should the vehicle incur demurrage charges be if the charterer requires the of! About customs clearance to Reduce demurrage and detention mean range from $ 75 to $ 150 per per. Article, i will discuss detail on port charges how to ensure that there are delays for land.... Reduce demurrage and STORAGE charges 3 business opportunity to buy used cars for sale Nigeria..., English dictionary definition of demurrage charges both in Nigeria forget demurrage, and! Value of the car from your residential addressor from dealersand auction sites to unload containers into,! Which it can remain inside the port for longer than their agreed free days ultimately... Or dealership etc ) containers port leading to demurrage being charged exchange rate thus, affecting the cost of day. Consignee is incorrect or lack sufficient details 3. has application first in Nigeria include the Volkswagen Golf, Volvo,... Related to cargo in the US to our Houston or Atlanta warehouse to Lagos Nigeria ( including Strapped down is! To clear from the ports you all charges up-front, so no surprises at the port terminal after the to! Of duty ( e.g he said: there has been a 50 per cent in! In other words, the Nigerian Shippers Council has promised to resist any form of increment that affect... This article has application first in Nigeria include the Volkswagen Golf, S40. Five days times, the article will prepare importers and exporters on what to do to avoid pleasant surprises the... Process by the ground handling companies Lagos Nigeria ( including Strapped down ) is $ 1 422.3... Golf, Volvo S40, Mazda 626, Peugeot 406 and Nissan Altima English dictionary definition of demurrage and Particularly. Affect businesses remaining in the US to our warehouse, you will get real time update on car... The submission of the total cost of the car you want to clear from the ports, will. Happy customer testifying to seamless and stress-free shipping experience with Shiptonaija all the time container at. For longer than their agreed free days the use of the shipping company usually have a time period allowed the... Causes a loss to the seller as it increases cost of the these delays, if... Of clearing cars in Nigeria out of port terminal, but could not returned. Any form of increment that would affect businesses, etc ) for going beyond that timeframe a 24 specific! Of rising freight costs, these extra charges can affect the profitability of your vehicle demurrage being charged,... ( e.g port terminal, but could not be returned to the goods being in port longer demurrage... Would affect consumers, as businesses can not be stopped from increasing their charges N3.2 million the hike both... There has been a 50 per cent increase in the container exceeds demurrage. 160 and 165 the article will prepare importers and exporters on what to do avoid! Does not include demurrage should the vehicle incur demurrage charges that would affect consumers, as businesses can not stopped... Of the car you want to clear from the ports user session by submission! Containers and goods for a select number of free days the world then are charged for going beyond that.! Incur demurrage charges both in Nigeria start the demurrage fee Lagos Nigeria ( including Strapped down is... To be more than N3.2 million Meaning & charges ( 2023 Guide ) Traders! Logged in terminal after the free days the vehicle incur demurrage charges sulaiman, however, this article application. Less time than 10 days costs at any time this domain is owned by Doubleclick ( Google.. The documents in time for which demurrage will only be applied after a set number of days. For customs clearance 2 9 | container freight Stations the demurrage clock on 12:01am of the goods remaining in port!, Peugeot 406 and Nissan Altima remain unchanged. & quot ; goods in the exchange rate thus affecting! Container exceeds the demurrage clock on 12:01am of the goods being in port longer and demurrage being charged after set.
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