ACL Announces New Demurrage Terms

Tuesday, March 22, 2011

American Commercial Lines Inc. (ACL) announced new demurrage terms for its portfolio of dry products. Beginning April 1, 2011, the company will standardize demurrage charges for non-grain bulk and non-bulk dry product shipments. Shippers of these product lines will receive five free days (Sundays and holidays excluded) for loading or unloading, after which they will be charged $300 demurrage per day for the next ten days and $400 per day for the following twenty days. After thirty billable demurrage days, a $500 charge will be assessed daily until the barge is released to ACL. These new charges will apply to all contracts executed on or after April 1, 2011.

 
Beginning June 1, 2011, ACL will also standardize demurrage charges for grain shipments at these same rates, except grain barges will receive three free days at origin and three free days at destination, with $300 per day demurrage charges for the next ten days and $400 per day for the following twenty days. After a grain barge exceeds thirty billable demurrage days, a $500 per day charge will be assessed for each day thereafter. These new charges will apply to all contracts executed on or after June 1, 2011.
 
ACL has begun notifying customers of these impending changes. Mike Ryan, ACL's President and CEO, commented, "The new, standardized charges should have minimal impact on shippers who work with ACL to load and unload barges in a timely fashion. For those shippers who are unable to execute operating programs within the window of free days at origin and destination, we are eager to help them develop process and infrastructure solutions which reduce the time required to load/unload barges. In April 2011, we will launch a new Scheduled Service Operating Model designed for customers who benefit most from timely loading and unloading of ACL barges. "
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Chevron Suffers Loss, Plans Job Cuts

Chevron Corp. reported a first-quarter loss as slumping oil prices continued to drag down revenue. The company said that it is "on target" to lay off a total of 8000 workers by the end of 2016,

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0851 sec (12 req/sec)