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The Kansas City Southern Railway Company DEMURRAGE AND STORAGE TARIFF PCs 6000-F Revision 1 Cancels and Supersedes PCs 6000-F (change in Item 170) CONTAINING RULES AND CHARGES GOVERNING DEMURRAGE

How to fill out demurrage and storage

How to fill out demurrage and storage?

1. Begin by gathering all necessary information and documentation related to the demurrage and storage charges. This may include invoices, bills of lading, shipping contracts, and any other pertinent paperwork.
2. Review the terms and conditions outlined in the demurrage and storage agreement or contract. Familiarize yourself with the specific requirements, rates, and deadlines associated with these charges.
3. Carefully calculate the duration of the demurrage and storage period. This typically begins when the goods arrive at the designated storage location and ends when they are picked up or delivered.
4. Determine the total quantity or volume of goods subject to demurrage and storage. This may involve measuring or weighing the goods, ensuring an accurate assessment of the charges.
5. Calculate the demurrage and storage charges based on the agreed-upon rates and the duration and quantity of storage. This may involve multiplying the rate per unit (e.g., per day, per ton) by the number of units and the duration.
6. Verify all calculations and cross-check the figures to ensure accuracy. Take into account any additional fees or surcharges that may apply, such as handling or administrative charges.
7. Complete the demurrage and storage form or invoice provided by the storage provider or shipping company. Fill in all required fields, including the dates, description of the goods, quantities, rates, and any other relevant information.
8. Attach any supporting documentation, such as copies of invoices or contracts, to validate the demurrage and storage charges.

Who needs demurrage and storage?

1. Importers or exporters who require temporary storage for their goods while awaiting further transportation or processing often need demurrage and storage services. This ensures that their goods are securely stored in a designated location until they can be moved or picked up.
2. Shipping companies, freight forwarders, or logistics providers may also need demurrage and storage services when they encounter delays in the transportation or delivery of goods. Temporary storage allows them to temporarily store the cargo and avoid congestion at the ports or terminals.
3. Manufacturers or distributors who have excess inventory or face logistical challenges may opt for demurrage and storage services. This enables them to store their goods until they can be efficiently distributed or transported to their intended destinations.

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What is demurrage and storage?

Demurrage and storage refers to the fees charged for the extra time a consignee holds onto a shipment beyond the agreed-upon free days of storage at a port or terminal.

Who is required to file demurrage and storage?

The consignee or the party responsible for the storage and delay of a shipment is required to file demurrage and storage.

How to fill out demurrage and storage?

To fill out demurrage and storage, the consignee needs to provide details of the shipment, including the port or terminal location, the original free storage days, the duration of delay, and any additional charges or circumstances.

What is the purpose of demurrage and storage?

The purpose of demurrage and storage is to incentivize prompt pickup and delivery of shipments to avoid congestion and ensure efficient use of port or terminal resources.

What information must be reported on demurrage and storage?

The information typically reported on demurrage and storage includes the consignee name, shipment details, dates of arrival and pickup, storage duration, fees charged, and any supporting documentation.