What is demurrage? Delay / laytime / dispatch
What is demurrage?
In the shipping industry, the term demurrage is used. The meaning of demurrage is: If the agreed time of the loading or unloading process is exceeded in any case, the charter company must pay a penalty to the ship owner. This is called demurrage.
How much is the detention fee?
It is OK to exceed the free time outside the terminal agreed with the shipping company or container owner until the container is returned.
What is laytime?
Laytime is an agreed period of time during which a charterer completes the loading and unloading of cargo at a particular port.
What is shipping?
Demurrage and handling charges may be charged for bulk cargo transportation covered and regulated by charter parties. If loading and unloading is completed before the agreed period, it saves time and is beneficial to the ship owner. Handling is like a bonus payment for the ship owner. Usually, the handling charge is a part of the demurrage, but it varies depending on the ship owner, charter party and contract.

* Full article *
https://ennilogistics.com/what-is-demurrage/

* Time stamp *
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 collecting demurrage fees?
02:33 How do you calculate demurrage?
03:00 Mooring fees for ships/boats?
03:13 Who is responsible for paying the demurrage fees for ships?
03:22 Who pays the berthing fees for the ship?
03:46 Demurrage for containers?
04:15 What are the demurrage-free days for containers?
04:53 How do importers apply for demurrage?
05:10 What is the difference between detention and demurrage?
05:33 Common reasons for demurrage and storage fees?
06:36 Avoiding demurrage and detention fees?
07:18 What is the detention-free period?
07:37 What is a detention fee?
08:05 What is Dispatch?
08:40 What is laytime?

* Related Articles *
What is Demurrage? Simple explanation in different ways
https://ennilogistics.com/demurrage/
The 7 most important reasons for demurrage? Simple and easy to understand explanation
https://ennilogistics.com/reasons-for-demurrage/
How to avoid mooring fees: An effective method
https://ennilogistics.com/avoid-demurrage-with-free-checklist/
Port fees and charges in the shipping industry
https://ennilogistics.com/port-charges/
Charter contract in shipping (bareboat or sinking/voyage/time)
https://ennilogistics.com/charter-party/
#Deartime #Storage #Deartime #Handling

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