The per diem (per day) charge is a daily fee that is assessed for certain expenses such as the cost of storage or the use of equipment. It is typically used in the shipping and transportation industry for the purpose of compensating for the additional costs incurred in keeping a shipment or cargo in transit. The amount of the per diem charge is usually set by industry standards or agreements between the parties involved in the shipment. The purpose of this fee is to ensure that all necessary expenses are covered and to incentivise prompt delivery or release of the shipment.
