China-US trade tariff pause could drive a rebound for transpacific rates
After the US and Chinese governments agreed to slash reciprocal tariffs, shipping lines are expecting ...
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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