Posts Tagged ‘demurrage’
Practical A to Z Guide to Laytime and Demurrage
Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…
Read MorePractical A to Z Guide to Laytime and Demurrage
Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…
Read MorePractical A to Z Guide to Laytime and Demurrage
Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…
Read MorePractical A to Z Guide to Laytime and Demurrage
Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…
Read MorePractical A to Z Guide to Laytime and Demurrage
Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…
Read MorePractical A to Z Guide to Laytime and Demurrage
Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…
Read MoreTop 3 Ways to avoid Demurrage Costs
Estimated Reading Time: 4 mins Demurrage is simply the money payable to the owner for delay for which the owner is not responsible in loading and/or discharging after the laytime has expired. As such, demurrage is an unpredictable and oftentimes expensive component of shipping costs. SingStats affirms that Cargo Handling & Freight Charges, Charter Fees…
Read MoreDifference between Demurrage and Detention
Estimated reading time: 6 minutes For those in the business of shipping, delays can be costly. It is common practice for ship-owners to charter vessels in return for freight. When calculating freight, ship-owners take into consideration the period of the charter. Therefore, where a ship-owner has calculated freight based on the time for which the…
Read MoreNotice of Readiness for Laytime Calculation (With Real-Life Case Study Example)
Estimated reading time: 5 minutes Laytime and demurrage are one of the most litigious issues in shipping. The terms in the contracts are tricky as it is commonplace that shipowners and charterers face delays in ports, leading to demurrage charges to be incurred. The vague wording in the charter party contracts also provide lots…
Read MoreWhat is laytime and lay day in shipping?
Estimated reading time: 4 minutes Laytime and lay days are two shipping terms that often get mixed up as having the same meaning. Although they sound similar, they differ greatly in meaning. Read more below to find out the different definitions of these 2 shipping terms. What is laytime? Laytime or lay time,…
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