Detention and demurrage charges can be a minefield for cargo owners and service providers in the international trade and logistics industry. In this episode, industry expert Melzie Wilson shares invaluable insights on mastering these challenges through effective communication and proactive strategies. The maritime industry has seen significant changes in recent years, particularly with the introduction of the OSRA 22 and the ongoing impact of the COVID-19 pandemic. These shifts have brought the issue of detention and demurrage charges into the spotlight, highlighting the importance of supply chain visibility and communication between all parties involved. Main Points: - Explanation of Detention and Demurrage Charges: Melzie Wilson provides a detailed overview of these charges, which are assessed by ports or carriers when cargo is not picked up within a specified time frame. She discusses the impact of these charges and the importance of early customs clearance and entry filing to minimize costs. - Strategies for Cargo Owners and Service Providers: Melzie emphasizes the need for cargo owners to have multiple service provider options and to communicate regularly with their providers. She also stresses the importance of ensuring service providers are licensed and registered with the Federal Maritime Commission (FMC). - Importance of Communication and Standard Operating Procedures: Melzie highlights the critical role of communication and the establishment of clear standard operating procedures (SOPs) between all parties in the supply chain. She cautions against making assumptions and stresses the need for mutual understanding. Key Insights - "One good thing that has come out of the pandemic is supply chain visibility. Because I don't know about the two of you, but my whole career has spent telling my family and friends, not in the business what I do, and the pandemic highlighted it." - "Don't assume. One thing that this business teaches you and can cost you a lot is don't assume." This episode provides invaluable insights for cargo owners, service providers, and anyone involved in the international trade and logistics industry. By understanding the complexities of detention and demurrage charges, implementing effective communication strategies, and fostering strong partnerships, you can navigate the ever-evolving maritime landscape and optimize your supply chain operations. Don't miss this essential guide to mastering the challenges of the industry. Enjoy the show! Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here: https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/ Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/ Show references: Global Training Center - www.GlobalTrainingCenter.com Simply Trade Podcast - twitter.com/SimplyTradePod Melzie Wilson - https://www.linkedin.com/in/melzie-wilson-7691a060/ The Global Zolutions - https://globalzolutions.com/ Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for: Advertising and sponsoring on Simply Trade Requests to be on the show as guest Suggest any topics you would like to hear about Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
