ILTA’s Kathryn Clay lauds STB demurrage policy statement
FOR IMMEDIATE RELEASE
Washington, D.C., May 1, 2020—Kathryn Clay, president of the International Liquid Terminals Association, today applauded the Surface Transportation Board’s April 29 demurrage policy statement:
“We appreciate the Board’s willingness to address the unintended consequences brought about by the 2014 regulations concerning the assessment of demurrage charges. This new rule will bring greater fairness and clarity to the assessment and collection of demurrage charges.”
Founded in 1974, the International Liquid Terminals Association represents more than 85 companies operating liquid terminals in all 50 states and in over 40 countries. Our members’ facilities provide critical links between all modes of transportation for liquid commodities, such as crude oil, petroleum products, chemicals, renewable fuels, fertilizer, vegetable oils and other food-grade materials that are central to the U.S. economy. Terminals provide essential logistics services that spur trade both within the United States and connect the U.S. economy with overseas markets. ILTA’s membership also includes about 400 companies that supply equipment and services to the terminal industry.
International Liquid Terminals Association