What's the difference between Free Time, Demurrage, Detention?
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- čas přidán 8. 07. 2020
- No.1 International Trade & Logistics E-Learning
"TRADE CAMP" - trade-camp.com/
Free Time is one of the most important thing when you send the cargo by container. At the same time, there are the similar term, Demurrage and Detention. I explained the difference and how to calculate the dates for smooth logistics.
#Logistics with Animation #Free Time# Demurrage #Detention
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【Profile】
Shinya Iino
15 years experience in business development in Asia and South East Asia. Marketing and Sales specialist in especially Logistics field.
Over 5,000 TEU Monthly volume for export and import in our Group company in Thailand.
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From what I have retained after wacthing the video, DEMURRAGE= All costs incurred by the consignee when it exceeds the time allocated (free time) to pick its cargo from port/terminal. DETENTION= All costs incurred by the consignee when it exceeds the time allocated to (free time) to return empty container to the indicated port/terminal.
Yes, you are right😁
this channel is a god send! love you guys! you rock!
My pleasure! I will try to keep updating.
hello iino san, iam a forwarder from Indonesia. i found ur videos are very helpful for me to understand each details about the logistics and terms. look forward to work with ur company agent soon. regards
Very informative for beginners.
EXCELLENT EXPLAINATION, THANKS A LOT
Thanks a lot for sharing information in detail. It is very useful
You are welcome!
Thank you Ino san. It's very helpful. ❤️
You are welcome😆
Thank you
Thank you so much, great learnings from you channnel
It's my pleasure😆
thank you. this is what i need now
That’s good to know it😄
Thanks!
Thank you very helpful for a newbie in Logistic industry
You are welcome!
thanks for the video. It helps alot with my understanding.
It's my pleasure😆
Very helpful thank you very much! 😊
it's my pleasure!
Thank you for great explanation!
Good job, I prefer yours channel more than others.
Waiting for the next movie👍🏻👌🏻
thanks. I updated 2 videos a week. please enjoy😄
Thanks for this useful information
It's my pleasure😆
nice
Great explanation
Thank you!!
Thank you so much
You are welcome!
Thanks alot sir for this easy and simplified explaination
It's my pleasure 😄
Good information 😀👍
Thank you!
Organizational tips please . best systems to keep track of multiple accounts
Most of shipping lines offering free time from 7-10 days however upon shipper special request free time can extend to 14 to 21 days depends upon shipping line. Some shipping lines are flexible but during this situation shipping lines are reluctant to extend free time.
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Great information...
I am young freight forwarder started my career as of 1 year to be completed.it has helped me understand a lot.
Could you please make video on CFS Operations and CLP?
Thanks! CFS operation is like a making Tally sheet? I’m not very familiar with the detail.
CFS (Container Freight Station) is basically a huge transload facility / freight forwarding warehouse
Good
Thanks!!
hi ino i work in a logistics company this vidreo is amazing can you make a video about an nvocc company thankyou
Here’s my understanding after watch this video. Please correct me if any .Demurrage is storage charge ,this is the length of free time has been exceed. Demurrage is used to prevent container stored at the port a long time . However Detention is a length of the time allocated for collecting from the port unloading the cargo returning empty container to port .You will incur the additional cost if exceed 7 days ..
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Yeah right free time is 3 days these days in LA/LB.
AND they don't put out appointments for it until the last free day.
It's getting shorter recently because of container shortage..😅
I have a question. Free time in emport and import are the same? pls if you can
Yes. there are demurrage for export and import as well. but import demurrage is more serious.
Hello
May I know what time do i need to pay commercial tax for the imported products?
After arrival on the designated port or do I need to pre pay before arrival of the product?
payment tax is when you do import customs clearance.
@@logisticsyoutuberiinosan2358
Thanks so much
Dear Logistics CZcamsr,
Request for making a video On Custom warehouse charge calculation.
Thank you for the idea! I will put it on the making list😆
Hi, hope you can make some videos about AMS, ACI, ISF 10+2, ISF 5
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I think freetime = detention and demurrage combined, with a limited days for detention. Normally, at most ports in the world, there are about 3 days for detention to collect containers from ports.
Thank you for your supportive comment! It should depend on the country and shipping line.
In LA/LB, Detention is 5 days allowed out of the port before you return it. Demurrage is 3 days after it is taken off the vessel in LA/LB
Hi sir, please make a video on how to calculate laytime, detention and demurrages. Thank you!
laytime?
mostly in practically the free time is contain of demurrage and detention, so that if 14 days free time usually it is 3 days free time demurrage and 11 days free time detention. so that it is differ with your explanation. please advise.
It depends on the shipping line and area. In Thailand, free time/detention can be 14/14 combine. but current container shortage situation, free time should be shorter.
Hi, thanks for the video , very useful.
I am from India , I have Customs Act in our syllabus{ CA Course} please provide videos of our syllabus if possible .
Thank you
Thank you! please use my video. Below is the English videos list link
czcams.com/video/OLOvu_K7gYg/video.html
czcams.com/video/kyj2o_Bc22E/video.html
What is the difference between demurrage fees vs container excess dwell fees?
I never heard container excess dwell fee... sorry.
Hi inno San , I would like to ask if you have resource for shipment from Thailand to ho chi min (sea freight ) . Do you have an email that I can reach you ?
Yes, we have. please contact me via LinkedIn first😆
what is FCL ?
Full container load
One question??
When demurrage cost will b incurred then detention cost will also incur
demurrage happen after you take out the cargo.
detention happen after you return the empty container.
Please let me know what are the differences between CFR & CPT
Please watch this video.
czcams.com/video/2NvZk1tjdxY/video.html
If ATA/CY date was on 3rd May , the last day picked should on 16th May..Since free time is calculated base on calendar days...
CMIIW...
it maybe different from carriers and countries, I think.
@@logisticsyoutuberiinosan2358 yes,agree with yr opinion...
Please give us a mathematical solution on the basis of as a practical calculation on mother Vessel free time, detention, demmurages.
could you please explain the condition more clearly so that I can explain.
+
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Hi, Can u arrange a buyer for me in respect to buffalo meat export. I would be grateful
sorry, we focus on logistics job only.
Citizenship some company Bangladesh
Free time 14days which counted from ETA . Detention only 7days
depend on the carriers and destinations.
🤩good correction. Thanks for sharing..
Thank you
You are welcome!