What is Port Storage?
Port Storage is a charge levied by the port authorities/terminal operator on the shipping line for containers not lifted and moved from the port of discharge within the free time offered. This system of enforcing Port Storage encourages consignees to claim their cargo in time and brings about efficiency in the management of space within the port premises. Port storage also applies to full containers waiting to be shipped and empty containers stacked in the port.
There may be occasions when a consignee is not in a position to claim the cargo and move it out of the port premises within the free stipulated time. This situation may arise due to issues with documentation, customs and finance. In such circumstances, the containers remain at the port. This however affects yard space and the smooth functioning of the port resulting in congestions and other related problems arising from space constraints.
Port authorities all over the world permit a free period extending from 3 days to a week for the importers to take delivery of containers from the port of discharge. This is the time utilized by the importer to get ready with the documentation required to make a smooth exit from the port premises.
Port storage, however, should not be confused with “demurrage” and “detention charges”. These charges are collected by the shipping lines from the consignees for the delay in taking delivery of cargo after they have left the port premises.