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Free time
Free time in logistics refers to the period during which cargo, containers, or equipment can be stored or used without incurring additional charges such as demurrage, detention, or storage fees. This period is granted by carriers, terminal operators, or shipping lines and allows shippers and consignees to load, unload, or move their goods within a specified timeframe at no extra cost. Effective management of free time is crucial to avoid unnecessary expenses and ensure efficient handling and transportation of cargo within the logistics chain.