What Does Demurrage in container shipping business mean?

//What Does Demurrage in container shipping business mean?

What Does Demurrage in container shipping business mean?

By | 2016-12-04T01:16:32+00:00 December 4th, 2016|feed news|Comments Off on What Does Demurrage in container shipping business mean?

There are two(2) types of ‘demurrage’ in shipping business: Tramp shipping ( the charter). – is when you hire (rent) a vessel for certain cargo or group of cargoes. Demurrage in this case is a charge payable to the owner of a chartered (rented) ship on failure to load or discharge the ship within the time…

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