demurrage
भुर्दंड
definition
noun
How long is a ship obliged to remain on demurrage , and what are the rights of the owner if the charterer detains her too long?
a charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed.
translation of 'demurrage'
विलंबशुल्क,
भुर्दंड,
ठरलेल्या वेळापेक्षा जास्त वेळ वाहन थांबविल्याने त्यासाठी द्यावा लागणारा आकार
example
The shipowner could earn more at less risk by making sure there were 'demurrage' clauses in the charter party.
These agreements stipulated that the ships would be inspected by government officials, that they would sail in convoy and that 'demurrage' would be paid in the event of delay.
Were a port to be built adequate for large vessels, would it be able to handle the steamer traffic, which could allow only a few hours to load and unload without incurring 'demurrage' costs?
Importers must also pay shipping companies 'demurrage' , which is a charge imposed to cover the time between the arrival of its vessel and the return of its container delivered at the port.
How long is a ship obliged to remain on 'demurrage' , and what are the rights of the owner if the charterer detains her too long?
Credits: Google Translate
