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the detention of the ship by the freighter beyond the time allowed for loading, unloading or sailing.
in business terms it is the amount which is paid as a compensation due to delay happened in shipment of goods.
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What is a demurrage analyst?
A demurrage analyst deals with demurrage tanker voyage claims. They deal with the items on these claims like issuance, negotiations, settlements, and accurate reviews to boost demurrage recovery costs within compliance of the tanker company.
What is the definition of demurrage in relation to currency?
There are many ways one might use the term demurrage. One such definition of demurrage is as a fine one might pay if one did not unload a ship of one's things.
Once demurrage always on demurrage means?
once on demurrage always on demurrage clause means that once a charterer use all the laytime allowed to perform loading and/or discharging operation all time passed thereafter will count as demurrage even within the -otherwise- excepted periods such as rain/bad weather even strikesonly exception on the clause is in case of ship's failure to perform operation and same caused on purpose by owners and/or crew
Is demurrage charge taxable?
Type your answer here... no
Who pay demurrage at discharge port if CIF term?
buyer
What has the author Michael J Mustill written?
Michael J. Mustill has written: 'Pseudo-demurrage and the arrived ship' -- subject(s): Demurrage, Lay days 'The law and practice of commercial arbitration in England' -- subject(s): Arbitration and award, Commercial Arbitration agreements
What is dumarage the Indian customs.?
The word refered to is possible DEMURRAGE ,a shipping term, which refers to costs incurred when detaining a ship/container of an alloyed time.
Can someone explain the difference between P and you insurance and FDD insurance?
FDD insurance is normally using in shipping insurance sectors. FDD is an abbreviation of 'Freight Demurrage And Defence'
What is the opposite term of Demourrage?
I believe the word is mistaken, the correct term is "DEMURRAGE", wich means delay, commonly used in shipments, container cargo and the time is in land. So the opposite will be "anticipation", "advance" or "hardship". I hope this will help.
What are some nine letter words with 1st letter D and 4th letter U and 8th letter G?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 2 words with the pattern D--U---G-. That is, nine letter words with 1st letter D and 4th letter U and 8th letter G. In alphabetical order, they are: demurrage droukings
When the terms of sale are FOB shipping point the does the buyer pay the transportation charges?
yes, FOB means - free on board-(the ship) the term you are looking for is CIF (Cost Insurance Freight) - that includes all shipping charges to land cargo in a port - from that point its the buyers responsibility - any port charges to be paid / demurrage / stevedoring / and of course inland freight like trucking.
What are some nine letter words with 5th letter R and 6th letter R and 7th letter A and 8th letter G?
According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 1 words with the pattern ----RRAG-. That is, nine letter words with 5th letter R and 6th letter R and 7th letter A and 8th letter G. In alphabetical order, they are: demurrage
