SHINC
SHINC stands for Sundays and Holidays Included. It is a term used in the maritime industry to indicate that the demurrage charges for a vessel will continue to accrue even on Sundays and holidays. Demurrage is a fee charged by the owner of a chartered vessel for the delay in loading or unloading cargo beyond the agreed-upon time. SHINC is an important consideration for shippers and consignees when planning their cargo operations, as it can significantly impact the cost of their shipments. Vessels that operate on a SHINC basis are expected to work continuously, including on weekends and holidays, to ensure timely delivery of cargo.
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