Storage charges are incurred to compensate storage facilities for the use of space and resources over an extended period. They promote the timely collection and management of goods, ensuring that warehouse operations run smoothly and without prolonged occupancy, which can cause congestion and operational inefficiencies. Storage charges are the cost of holding a shipment at a location (warehouse, CES, etc.) and will appear on the final bill, if applicable. Storage charges are a form of service fees for storage space rented from a logistics service provider. The amount of the charges depends on the weight of the merchandise, the storage space and the number of days or hours the goods are stored.
Storage charges occur when the port stores merchandise in its own warehouse or facility. In some cases, these charges may also apply if there is a delay in loading or unloading a shipment. Storage charges are generally calculated per day, and the amount will vary depending on the size and type of cargo being loaded store.
