Voyage Accounting > Container Deposit Refund

Containers being valuable assets, ship liners demand deposit amount before releasing the containers to consignors or freight forwarders in some countries.

Container deposit covers Repair/damage, demurrage and detention of containers.

1.Repair:

Container should be returned in the same condition as how it was picked up excluding the usual wear and tear. Damages can constitute structural damages or aesthetic damages, e.g. scuff and scratches, paint and rust degradation.

2.Demurrage:

Demurrage is levied if full containers are not collected by customers and remains in terminals after specific free time.

3.Detention:

Detention is charged once customers have collected to empty the containers but do not return them to the depots after specific free time.