Explain Demurrage.
Demurrage is a penalty payable to the shipping line because for shippers or consignees failing to load or discharge the ship within agreed time. Demurrage charges can vary from country to country as well as by carrier. The demurrages may be caused due to delay in documentations, inspections of containers by the authorities which may take longer than anticipated, or may the consignees doesn’t have enough finances inorder to clear the container in time etc. Sometimes if not controlled, demurrage charges can soon overtake the price of goods which will further force the consignee to abandon the cargo. Proper planning and actions is important for avoiding demurrage charges.
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
Master collect House collect
How does Letter of Credit work?
How does STP units work in India?
How does TT (Telegraphic Transfer) work?
Master Collect House Prepaid
Master prepaid House collect
Master prepaid house prepaid
Material used for testing is eligible for Modvat
Mode of payments in international trade
Mode of transport under EX WORKS/FCA/CPT/CIP/DAT/DAP/DDP/FAS/FOB/CFR/CIF
MSDS Material Safety Data Sheet
How to import to India from Gambia?
How to export from India to Gambia?
Documents required for Export from Gambia
Customs procedures for Gambia Export
Registration required to export from Gambia
Documents needed for Gambia import
Section 163 of CGST Act, 2017 Levy of fee
Publication of information in respect of persons in certain cases, Section 159 of CGST Act, 2017
Section 156 Persons deemed to be public servants, CGST Act, 2017
Power to collect statistics, Section 151 of CGST Act, 2017
Goods and services tax compliance rating, Sec 149 of CGST Act, 2017
Section 146 of CGST Act, 2017 Common Portal
Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents
Job work procedure, Section 143 of CGST Act, 2017
Section 139 of CGST Act, 2017 Migration of existing taxpayers
Reverse Charge Mechanism Unregistered recipients under GST
Meaning of term Un-registered dealer under GST
Meaning of Unjust enrichment
Meaning of term Taxable Territory under GST
What is Taxable supply under GST
Term Taxable Turnover under GST