ON-DEMAND WEBINAR

The OSRA 2022 Final Ruling on Detention and Demurrage Invoicing Goes Into Effect 5/28/24: Are You Ready?

Earlier this year, the Federal Maritime Commission (FMC) announced the publication of its final Demurrage and Detention Billing Requirements rule. This rule represents the ongoing impacts of the Ocean Shipping Reform Act of 2022 (OSRA 22) and its goal of promoting supply chain fluidity.

Join us as we discuss strategies for implementing the OSRA 2022 final ruling specific to the invoicing of demurrage & detention from ocean carriers. Effective May 28, 2024, this final ruling addresses steamship line invoicing requirements and the timing associated with the receipt, dispute, and resolution of D&D invoice disputes.  

In this webinar, we will guide you through key aspects of the new regulations that can help your organization prepare effectively and eliminate risks associated with compliance:

  • Purpose of Changes: Understanding the motivations behind the new regulations to reduce high fees associated with extended container dwell time at ports and addressing cargo owners' complaints about unfair practices.
  • Impact on Operators and Other Stakeholders: Learn how the new rules ensure that only cargo owners are directly billed by shipping lines, promoting more transparent and fair billing practices.
  • Billing and Dispute Process: Get an in-depth look at how your processes need to change to avoid unnecessary fees and further delays.
  • Role of Visibility Solutions: Explore how advanced tracking tools can aid in compliance with the new regulations, manage risks effectively, and enhance operational efficiency.
This webinar will provide practical insights and actionable strategies to ensure your business is well-prepared for regulatory changes, helping minimize potential disruptions and costs.

Watch the Recording
Akshay

Akshay Dodeja

Co-Founder & CEO, Terminal49

Akshay leads Terminal49, an automated container tracking and risk management platform with almost a decade of experience helping operators move global trade. His expertise is crucial for discussing technology’s role in adapting to new detention and demurrage regulations.

Dan Gardner

Dan Gardner

Co-Founder, EVP & Chief Learning Officer, Trade XCelerators

Dan is a seasoned expert with a robust supply chain management, trade compliance, and logistics background, equipped with an MBA and a U.S. Customhouse Broker license. His extensive experience makes him a valuable speaker on the impacts of regulatory changes in the trade sector.