Quay rent

Quay rent is the charge a port or terminal levies for cargo left on the quay or in the terminal beyond the free time allowed after discharge. It is the cargo-side counterpart to vessel berth charges and runs per tonne or per square meter per day until the consignee removes the goods. Quay rent pressures receivers to clear cargo quickly and recovers the terminal’s cost of occupied space. It is distinct from container demurrage and detention, which run on the box rather than the quay, and from ship demurrage, which compensates the owner for the vessel’s lost time.