New Demurrage Invoicing Regulations in Ocean Shipping Reform Act – 2022
The Ocean Shipping Reform Act – effective June 16, 2022. The Ocean Shipping Reform Act – 2022 (OSRA-2022) went into effect on June 16, 2022 and the law (not a regulation) calls for an immediate change in the way Demurrage is invoiced to the customer. The FMC is in charge of regulating and enforcing this new requirement and they have issued a formal notice to the industry that the new law went into effect on …
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