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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?
The buyer is responsible for paying demurrage at the discharge port if the Incoterm used is CIF (Cost, Insurance, Freight). The buyer bears the risk and cost of any delays in unloading the goods at the destination port.
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 demourrage?
Demurrage is a charge incurred when cargo is held in a shipping container beyond the agreed-upon free time period. It serves as a financial incentive for shippers to pick up or unload their cargo promptly, thereby freeing up shipping equipment for other uses. The fee is typically calculated on a daily basis and can accumulate rapidly, impacting overall shipping costs. Demurrage is a common practice in the shipping and freight industry to manage delays and optimize logistics.
What is a dummerage charge?
A demurrage charge is a fee imposed by a shipping company when a container is not picked up or returned within the agreed-upon timeframe. It is meant to incentivize timely handling of containers to avoid congestion at ports and terminals.
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 is Barefoot bay demurrage assessment?
The Barefoot Bay demurrage assessment refers to fees charged for the prolonged use of a dock or mooring space beyond the agreed-upon time frame in Barefoot Bay, Florida. This assessment typically applies to boats or vessels that occupy space without proper authorization or for longer than permitted, resulting in additional costs for the boat owner. The fees serve to encourage timely departures and ensure efficient use of the limited docking facilities. For specific rates and regulations, it is advisable to consult the local governing body or community guidelines.
