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Water Transportation · NAICS 483 · Warehousing and Storage Agreement
This Warehousing and Storage Agreement is designed for water transportation terminals and warehouses that store cargo arriving or departing by vessel. It covers the unique aspects of marine cargo storage, such as dock-side handling, demurrage, and interaction with vessel schedules. Whether you are a port operator storing containers or a warehouse handling bulk liquids, this agreement clarifies responsibilities, fees, and liability, helping you avoid costly disputes.
Demurrage is a charge assessed when cargo remains at the terminal beyond the agreed free time. This agreement sets the free time period and the demurrage rate to encourage timely pickup.
Typically, the customer (cargo owner) is responsible for insuring the cargo against loss or damage. The terminal operator may maintain liability insurance for its own negligence, but the agreement clearly allocates these responsibilities.
Yes, but the agreement includes provisions for compliance with regulations such as OSHA and EPA. You must disclose the hazardous nature of the cargo and follow specific storage and handling requirements.
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