HELPING THE OTHERS REALIZE THE ADVANTAGES OF 25. DDP INCOTERMS COST IMPLICATIONS FOR IMPORTERS

Demurrage refers back to the fees imposed when cargo continues to be at a port or terminal beyond the permitted free time. This free time is generally allotted for unloading or loading cargo, but when this period is exceeded, shipping providers impose demurrage charges to the trader.In Malaysia, the Royal Malaysian Customs Office (JKDM) is accounta