Certainly because of the Hanjin bankruptcy and other industry concerns surrounding ports, demurrage and detention charges have received even more attention within the US of late. As such, according to publication, DC Velocity, the "Coalition for Fair Port Practices" requested the Federal Maritime Commission (FMC) to adopt a policy “to extend the number of free days before demurrage would be charged in the event of port congestion, weather disturbances, and other port disruptions or delays beyond the control of parties picking up or returning containers. Demurrage and similar fees charged during such incidents would be declared "unreasonable" under the Shipping Act of 1984, a law that gave the FMC rulemaking power over this issue”.
No More Headaches
Unveiled as a prototype at the transport logistic exhibition in Munich in May, PLS’ GPM Demurrage & Detention offers users an intuitive window into their global demurrage & detention (D&D) spend, storing all Free Time agreements in one portal, from where global container movements and costs can be easily tracked. Fees can be prevented through proactive warnings of upcoming D&D charges, invoicing becomes simplified, and the drain on resources incurred by managing D&D can be halted.
“The complexity of D&D costs and management is a huge issue for everyone within this industry. But these costs often fall somewhat under the radar as they exist outside the spectrum of the normal transportation movement and associated costs. However, every company, from every part of container logistics, feels the pain,” said Henning Voss, Co-founder and CEO of PLS. Furthermore, Voss noted, “the new software gives users an unparalleled global overview of D&D activity, with easy calculation of applicable D&D cost, and the ability to drill down and refine views, as well as determining which containers are at risk and actual costs being incurred. Users can then search for individual containers, customers and a host of other options. Information can be easily accessed, analyzed and, if desired, downloaded into Excel.”
GPM Demurrage & Detention is expected to be launched to the wider logistics market during the second half of 2017.
Find Out More
To learn more about PLS and GPM please visit our website