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What is Demurrage? Detention / Lay Time / Despatch (Tips & Tactics)

What Is Demurrage? Detention / Laytime / Despatch 🚢 🚤 What is demurrage? The shipping industry used the term demurrage. The meaning of demurrage is If any case exceeds the agreed time of the loading or unloading process charter party company needs to pay the shipowner a penalty. it’s called demurrage. 🚤 What is the detention fee? It is fine to exceed the free time of the agreement with the shipping line or container owner out of the terminal till returning the container. 🚤 What is lay time? Laytime is an agreed time period for a charterer to complete the cargo loading and unloading process at a specific port. 🚤 What is despatch? Demurrage chargers and despatch chargers can be applied for bulk cargo shipment which is covered and governed by charter parties. If the loading and unloading have been completed before the agreed time period, it is saving time as well as it is beneficial to the shipowner. Despatch is like a bonus payment for the shipowner. Commonly despatch rate is haft of the demurrage, but it varies with the shipowner, charter party, and contract. * Full Article * ☛ https://ennilogistics.com/what-is-dem... * TimeStamps * 00:00 Introduction 00:20 What is demurrage? 00:35 What are the Reasons or causes for demurrage? 01:30 How to avoid demurrage fees? 02:17 What is the purpose of charging Demurrage? 02:33 How to charge demurrage? 03:00 Demurrage for ships/vessels? 03:13 Who is liable for paying demurrage for ships? 03:22 To whom pay demurrage for the vessel? 03:46 Demurrage for containers? 04:15 What are the demurrage-free days for containers? 04:53 How to apply Demurrage for importers? 05:10 What is the difference between Detention and Demurrage? 05:33 Common reasons for demurrage and detention charges? 06:36 Prevention of the demurrage and detention charges? 07:18 What is the detention free time? 07:37 What is detention fee? 08:05 What is despatch? 08:40 What is lay time? * Related Articles * = What Is Demurrage? Simple Explanation In Different Ways ☛ https://ennilogistics.com/demurrage/ = Top 7 Reasons For Demurrage? Simple And Easy Explanation ☛ https://ennilogistics.com/reasons-for... = How To Avoid Demurrage: Powerful Way ☛ https://ennilogistics.com/avoid-demur... = Port Charges And Dues In the Shipping Industry ☛ https://ennilogistics.com/port-charges/ = Charter Party Contract In Shipping (Bareboat Or Demise/Voyage/Time) ☛ https://ennilogistics.com/charter-party/ #demurrage #detention #laytime #despatch @Ennilogistics Providing knowledge of the logistics and transportation industry while updating trends and new technologies. Help interested people who are engaging in international trading by sharing commercial details and industry updates. * Social Facebook ☛   / ennilogistics   Website ☛ https://ennilogistics.com/ Pinterest☛   / ennilogistics