FMC acts to improve demurrage and detention practices
The Federal Maritime Commission has approved the creation of ‘FMC Innovation Teams’ — groups of industry leaders established to improve demurrage and detention practices. The move follows a report that sees significant benefits from addressing issues with notice of cargo availability, billing practices, dispute resolution and terminology
Teams of industry leaders will meet on a short-term basis to ‘refine commercially viable’ demurrage and detention practices
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