International shipping​ Demurrage and Dispatch Charges in Chartered Transport【悟空海运】

International shipping Demurrage and Dispatch Charges in Chartered Transport【悟空海运】

Demurrage means the compensation charge from the incompletion of loading or unloading due to the charterer's fault, which may result in the losses in port charges and time losses for the ship owners. Charterer should pay the demurrage accordance with the actual delayed time and the rate provided in the charter contract.

Dispatch charge is a reward for the charterer by ship owners for advance loading and/or unloading, saving charges in ports for ship owners.

International shipping Demurrage and Dispatch Charges in Chartered Transport【悟空海运】