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Demurrage legal definition of demurrage

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comes from the field of vessel chartering (notably voyage chartering) and refers to the period during which the charterer remains in possession of the vessel after the period of time normally given to him to charge and discharge the cargo (lay time). By extension Demurrage refers to the amount of money that the charterer will have to pay to the shipowner for its extra use of the vessel. Because the supply of a shipping container to a merchant has a very similar nature to the contract of a supply of a vessel to a voyage charter, the industry refers to this container usage beyond the time allowed as Container Demurrage . This ...
is a privileged claim upon maritime property, such as a ship, in respect of services rendered to, or the injuries caused by that property. In common law , a lien is the right of the creditor to retain the properties of his debtor until the debt is paid. It is a proprietary lien which interest is about the “res” (property). It should be understood that “res” may be the vessel (including their appurtenances and equipments), the cargo, the freight or even the proceeds of sale. The rights include jus in re (right on the property) and jus in rem (right against the property). The doctrine of Maritime Lien is that ship will be treated ...
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DEMURRAGE LEGAL DEFINITION OF DEMURRAGE

579 F.2d 1204
Derrill Cody and Kerr, Davis, Irvine, Krasnow, Rhodes & Semtner, by Francis S. Irvine and Harvey L. Harmon, Jr., Oklahoma City, Okl., for defendants-appellees. Before McWILLIAMS, DOYLE and LOGAN, Circuit Judges. WILLIAM E. DOYLE, Circuit Judge. 1 This is a diversity suit in which plaintiff, International Barges, Inc., sought damages arising from movement by it of 3600 tons of anhydrous ammonia in its barges from Lake Charles, Louisiana to New Orleans. The governing agreement was oral and provided that the demurrage rate was to be $125.00 per hour for a maximum of 48 hours delay and thereafter $170.00 per hour. Damages for ... industry trends, business articles and survey research
If money rules the world – who rules money? – A case for ...
In the late seventies, environmentalists – among whom I count myself – were among the first to question the present money system, which – in order to function – requires exponential growth returns that the planet could never sustain. We discovered that there was a severe lack of understanding on the most basic facts about money amongst laymen as well as professional economists. Up to this day, it remains almost taboo among economists, bankers and politicians to discuss it publicly, as if the global monetary system was a fundamental given. However, nothing could be further from the truth. I first discovered that there is a basic ... industry trends, business articles and survey research
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INFORMATION RESOURCES

Freight, Demurrage & Defence
vessels entered for Freight, Demurrage & Defence insurance. (FD&D) which is showing unparallel growth in ... which protects, and hence by definition, defends the owners' ... much will be in dispute or the amount of legal costs. In times ... technology research, surveys study and trend statistics
TERMINAL TARIFF NO 010 Page
Free Time Allowance - Wharf Demurrage/Terminal Storage. 26. Fresh Water Charge ... Holidays, Port Legal- Definition. 2. Hose Rental Charge ... technology research, surveys study and trend statistics
Materials Management and Distribution Services UPDATE April, 2009
Demurrage (tank rental) begins immediately, and is charged to the account ... If a gas cylinder is determined by the customer to be “lost” (meaning that the ...
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DEMURRAGE LEGAL DEFINITION OF DEMURRAGE
QUESTIONS AND ANSWERS
"ONCE ON DEMURRAGE, ALWAYS IN DEMURRAGE" | LinkedIn Answers | LinkedIn
HOWEVER, IN CASE OF CONOCO CLAUSE I.E. TIME LOST DUE TO ADVERSE WEATHER CONDITIONS TO BE SHARED 50/50, IN THIS CASE SHOULD THE ABOVE RULE "ONCE ON DEMURRAGE .." APPLY ? THANK YOU FOR CLARIFICATIONS. posted November 28, 2008 in Exporting/Importing | Closed Share This Market development Associate at Energime Sustainable Technologies, LLC see all my answers Best Answers in: Exporting/Importing (7), Customs, Tariffs and Taxes (1), Business Development (1), Lead Generation (1) This was selected as Best Answer I don't think so except under very extra ordinary circumstances such as a hurricane, war etc. before share responsibility ...
WikiAnswers - Business and Finance Questions including "What is ...
Commercial, financial and industrial activity; production and manufacture, exchange and distribution of goods or commodities; management of money and other assets. Questions here are related to economy, investing, stock markets, and everything related to Business and Finance. Total questions 109000 Hayat.akbar Abrahambecham Smiffen7 4Jays Stephronald Moobot Compendium GreenlightAV Sdresh Theprismgroup Everac99 Hayat.akbar Moobot Compendium Voldock Hayat.akbar Jacdkcdn Leetdave Frankkiv Maryjosfo Bobmarcans Tamcrochet Namredla Jinnah business Sandra darnell What is the forex market? Introduction to the Foreign Exchange Market ...