OSRA 2022: What Will Change on Detention and Demurrage?

Shippers are asking a basic question regarding detention and demurrage following passage of the first shipping reform law in more than 20 years: What will change? The 2022 Ocean Shipping Reform Act signed by President Joe Biden on June 16 alrea…

Shippers are asking a basic question regarding detention and demurrage following passage of the first shipping reform law in more than 20 years: What will change? The 2022 Ocean Shipping Reform Act signed by President Joe Biden on June 16 already is shaking up the container sector, with new policies on D&D already in place and maritime regulators planning to tweak them further. Indeed, the Federal Maritime Commission’s implementation of OSRA-22 is just beginning.