The Last Free Day refers to the final day within a specified period during which stored cargo can be retrieved from a port terminal or rail ramp without incurring additional demurrage fees. It serves as the deadline for picking up the cargo before charges for exceeding the free storage time are imposed. Additionally, the Last Free Day is also applicable to containers, indicating the last day a container can remain outside the port terminal without incurring usage or per diem fees. It is crucial for importers, exporters, and logistics providers to be aware of the Last Free Day to effectively manage the timely retrieval and return of cargo or containers to avoid incurring additional costs.