Strong gains on the transpacific as US imports swell and GRIs begin to bite
Container spot freight rates on the key transpacific eastbound trade have started 2025 with strong ...
The US Federal Maritime Commission (FMC) said that, in the 10 months since the Ocean Shipping Reform Act (OSRA) was passed, more than $1m of disputed charges to shippers and forwarders have been waived or refunded.
The commission said “the milestone” was passed on 1 May.
OSRA 2022 legislation simplified the process for disputing carrier and port terminal ancillary charges, such as detention and demurrage (D&D).
The focus on these charges, particularly D&D, became significant during the pandemic, when congestion at US ports ...
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