FACTS ABOUT 50. STRUCTURED TRADE FINANCE FOR OIL EXPORTS REVEALED

A demurrage charge in dry bulk shipping is a charge imposed over the charterer when the process of loading or unloading cargo in a port requires more time than the agreed-upon time, referred to as laytime.Demurrage charges are calculated according to the amount of days the container stays within the terminal outside of the allocated cost-free times

Traditionally, this further period was referred to in court as “lay times that must be paid for.” This phrase could be misleading as it obscures The truth that the charterer is actually breaching the contract, Although they could mitigate even further harm by completing their contractual obligations through this period on shelling out the agree