D&D may ‘freeze the clock’ during ILA strike
As the International Longshoremen’s Association (ILA) strike began yesterday morning, our team learned from a source with knowledge of operations at the Port of New York and New Jersey (NYNJ) that NYNJ terminals have decided to “freeze the clock” one by one. ” regarding detention and demurrage (D&D) charges during the ILA strike. If these reports are accurate and NYNJ exerts influence in the seaport community, other ports may follow suit, especially as ocean carriers lobby for major R&D charges decision makers. While the suspension of D&D charges may be a welcome development for shippers, there is no guarantee that both importers and exporters will benefit from it. Terminals typically charge fees directly to ocean carriers, and these fees are usually passed on to shippers; however, ocean carriers may also charge importers/exporters higher D&D fees than the terminal charges. D&D charges have come under increased scrutiny since the enactment of the Ocean Shipping Reform Act of 2022 (OSRA), which shifted…
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