Posts Tagged ‘shipping’
Difference 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…
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…
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…
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