The workshop explored frequent traits of trade finance devices, drawing interest to differences between documentary credits and negotiable instruments, definitions of irrevocable and impartial obligations, major differences between the Uniform Rules for Demand Guarantees quantities 458 and 758, the definition and features of counter-guarantees, Cre

Storage charges are separate fees imposed with the port authority for storing containers past the free storage time throughout the port. As opposed to demurrage, which happens to be charged because of the shipping line, storage charges go directly for the port.Detention applies once the containers are actually taken out from the port (for example,