Tag: visibility

Blockchain the Newest Technology in Supply Chain Part 1

The most efficient supply chains are those that are built on trust, transparency and reliability between the various partners in the trading partner community. Buyer’s that don’t work with trustworthy, or well-vetted, suppliers are subject to consumer safety and brand risk — an e. coli outbreak or massive product recalls, and shippers that don’t work with reliable carriers face shipment delays and variability, to name a few examples. Global supply chains function with such complexity,…
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The Unfortunate, but Avoidable, World of Detention and Demurrage Penalties

Importers and exporters sometimes get an unexpected surprise when they receive their bill for shipping containers. This comes in the form of detention and demurrage fees which can be a substantial financial loss. What are these charges, and why is it that they can sometimes come as a surprise to shippers? Although it is common to combine detention and demurrage, it is important to know the difference between the two. Demurrage fees “are charged when…
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