What does DND mean in shipping?

The Contractor must load the goods onto the carrier designated by the Department of National Defence (DND).

What is demurrage and detention in shipping?

Demurrage refers to the charge that the merchant pays for the use of the container within the terminal beyond the free time period. Detention refers to the charge that the merchant pays for the use of the container outside of the terminal or depot, beyond the free time period.

How much is container demurrage?

The cost of demurrage charges vary depending on carriers, terminals, and contractual agreements. However, they tend to be anywhere between $75 to $300 per container/ per day. After several days, the charges can grow to more significant amounts.

How are detention charges calculated?

The other numbers you need to calculate the charges are:

1. Number of free days: 5.
2. Days in total charged with detention and demurrage: 20.
3. The rate on 20ft on the first 10 days: 60,00.
4. The rate on 20ft after the 10 days: 120,00.

Who is demurrage paid to?

By extension, demurrage refers to the charges that the charterer pays to the ship owner for its delayed operations of loading/unloading. Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charter party).

What does DND mean?

do not disturb
abbreviation. (originally used in digital communications) do not disturb: used as a privacy notification or function for many digital devices and applications. Dungeons and Dragons.

How do you avoid detention charges?

Top 5 Tips to Reduce Demurrage, Detention and Storage Charges

1. Make Sure Your Cargo is Ready on Time to Reduce Detention Charges.
2. Be Smart About Customs Clearance to Reduce Demurrage and Storage Charges.
3. Use the Expertise of a Freight Forwarder.
4. Demand Demurrage, Detention and Storage Information in Your Quotation.

How do you avoid demurrage charges?

Tips to Avoid Shipping Detention Fees

1. Dispatch cargo as far in advance as possible. This gives the trucking company time to schedule the pick-up and/or delivery.
2. Negotiate more time for live loads/unloads.
3. Schedule your loading/unloading with the detention clock in mind.

What is the difference between demurrage and detention?

Demurrage is charged when containers are still full and under the control of the shipping line, and have not been cleared through customs or picked up by the consignee. Detention is charged when the carrier’s equipment is still in use by the shipper or consignee beyond the LFD, regardless if full or empty.

Does demurrage run continuously?

Once demurrage commences, it runs continuously unless the contract has an exclusionary clause to the contrary. The demurrage was $8,000 a day for time used in excess of allowed laytime. Although only 26,274 tons were loaded, the charterer paid freight, including dead freight, on the 27,510 tons.

What is laytime in shipping?

A laytime is a free time (allotted time) given to the charterer of a vessel for loading or unloading. During the allotted time, the charterer has to load or unload his goods on the available free time written in the charter agreement.

What is DND in sentence?

Do not disturb. (games) Abbreviation of Dungeons & Dragons.

What is merged D & D time for export cargo?

For export cargo, the merged D&D time is the duration elapsed as from “pick up” of the empty equipment till full container “loaded” on board the designed vessel. Each day or part thereof is due in full. Duration are expressed either in calendar days or in working days. The first chargeable day is the first day following the last day of free time.

Which is an example of a shipping term?

A term of trading in which the buyer of the goods pay for the cost of the goods, the cost of transporting the goods from origin to the port of discharge or final destination and the insurance premium for a maritime insurance policy for the value of the order.

What does CKD stand for in shipping terms?

A term of trading in which the buyer of the goods pay for the cost of the goods, the cost of transporting the goods from origin to the port of discharge or final destination and the insurance premium for a maritime insurance policy for the value of the order. CKD Abbreviation for “ Cars Knocked Down “.

What are the shipping terms for a university?

The methods are listed in order of preference for the University. Customer Takes Title of Goods… F.O.B. Destination is the University standard, since it provides the most protection to the department/school and the University. It should be negotiated into all purchases whenever possible.