OSRA 2022: Will the New Law Finally Improve Detention and Demurrage?
Following years of complaints and fact-finding exercises by the Federal Maritime Commission, frustration over unfair detention and demurrage charges boiled over during the pandemic and led directly to importers and exporters uniting behind the 2022 Ocean Shipping Reform Act, signed into law by President Biden on June 16. While the law offers certain protections for exporters, its real impact will be in detention and demurrage: empowering the FMC to restore these fees to their core purpose of facilitating the movement of freight, not serve as an extra source of revenue. To drive this agenda, however, the FMC needs shippers to initiate cases, while shippers still must pay D&D bills to have containers released, and then seek relief later. This session will take a deep look into how the environment has changed for shippers in the roughly eight months since OSRA was signed into law, and what they can expect going forward.