Free time
Transport & logistics
Principles for classifying a product in the Harmonized System.
What is Free Time?
Free time is a period during which a shipping line grants free storage for containers at a port. This period precedes the application of additional charges known as demurrage or detention. It is essential for importers and exporters as it allows them to manage the unloading or loading of goods without immediate additional costs.
Why is it important?
Understanding free time is crucial for optimizing logistics costs. Proper management of this period can prevent unexpected fees that can quickly accumulate if deadlines are exceeded. It also allows for effective planning of transport and handling operations.
Practical Tips
- Plan ahead: Ensure that all unloading or loading operations are ready to be executed as soon as the ship arrives.
- Communicate with your carrier: Maintain open communication with your shipping line to know the exact free time deadlines.
- Use tracking tools: Modern technologies allow real-time tracking of your containers, which can help you meet deadlines.
Conclusion
Free time is a key element in managing maritime logistics costs. By maximizing this free period, companies can reduce their expenses and improve their operational efficiency. For more information on terms related to maritime transport, explore our complete glossary.