Trade · 6 pages · 12 min
How demurrage charges time
Demurrage is the charge for keeping a ship or a container past the time already allowed.
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From the opening
Demurrage charges for time used beyond a free allowance, whether that allowance is laytime on a chartered ship or free days on a container at the terminal. The clock, not the weight of the cargo, is what the extra invoice measures. The opening covers free time ends and the clock starts, laytime is the ship's allowance, and container demurrage is inside the terminal.
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Inside
- Free time ends and the clock starts
- Laytime is the ship's allowance
- Container demurrage is inside the terminal
- Detention is the outside clock
- Where the idea stops applying
- A distinction worth keeping
Sources
- Laytime and demurrage
- Container demurrage and free time