Over-stay costs for importers of fertilizers due to non-compliance with contract terms, called demurrage, fell about 72% in the Port of Paranaguá in the last seven years. The data are from a study done by the Agricultural and Fertilizer Industry Union of Paraná (Sindiadubos).
In 2011, the value of demurrage per ton of fertilizer in Paranaguá was U $ 16.88. In 2016, it fell to $ 7.05 per ton; in 2017 to $ 4.68 and by 2018 to $ 4.70 per ton – a fall of 72% in seven years.
“The reduction represents savings of approximately US $ 70 million per year, or 67%. This amount is no longer being spent on the operational cost of importing fertilizers, “Lourenço Fregonese, the managing director of Ports of Paranaguá and Antonina (Appa), explained in a statement.
This text was translated by machine from Brazilian Portuguese.