Cargo ships to take canola to China and Japan and wheat to Mexico, Japan and Iraq were left stranded in port, totting up demurrage fees. |
How long is a ship obliged to remain on demurrage, and what are the rights of the owner if the charterer detains her too long? |
These agreements stipulated that the ships would be inspected by government officials, that they would sail in convoy and that demurrage would be paid in the event of delay. |
The shipowner could earn more at less risk by making sure there were demurrage clauses in the charter party. |
If he does not, then the carrier assesses daily detention or demurrage charges until the traffic manager's firm frees the carrier's equipment. |
An old term for good opportunity or season for navigation, which, if neglected, was liable to costs of demurrage. |