Freight Demurrage Invoices

A demurrage invoice is a document that outlines additional charges imposed when a buyer or transport provider exceeds the agreed-upon time for loading or unloading of goods; for example, at a port. The invoice includes the duration of the delay, the applicable rate, and the total amount due. Conversely, a demurrage invoice may be for 'despatch', which is a reward granted when loading/unloading operations are completed faster than stipulated in the contract, reducing costs.

Freight demurrage invoices can be raised for despatch orders or despatches with a service charge based on a freight contract that has defined demurrage/despatch conditions.

Journal Entries for Freight Demurrage Invoices

Creation of journal entries requires a chart of accounts to be configured for the Freight Demurrage Invoice document type. See Charts of Accounts.