Demurrage means charges payable for storage of cargo within port premises beyond free period, as specified in the scale of rates.
Demurrage means the defined level of damages paid to a vessel owner for the delays in loading or discharging the vessel after the Laytime has expired. It is customarily expressed in US dollars per day or portion thereof.
Demurrage as herein used means all charges associated with the disposition of Crude Oil, including all damages borne or incurred by Carrier as a result of such disposition.
Examples of Demurrage in a sentence
The Seller shall not be liable for the consequences of rejection or delay (including but not limited to Demurrage) of the vessel or the restriction suffered in respect of the Vessel by virtue of the application of any regulations or other requirements of Article 9.2, 9.3, 9.4, 9.5 and the Buyer shall be liable for any costs or damages incurred by the Seller arising out of any such rejection of, delay to or restricting of the Vessel.
Demurrage is a charge that both com- pensates rail carriers for the expenses incurred when rail cars are detained beyond a specified period of time (i.e., free time) for loading or unloading, and serves as a penalty for undue car deten- tion to encourage the efficient use of rail cars in the rail network.
More Definitions of Demurrage
Demurrage means charges payable for storage of cargo in transit area within the Terminal premises beyond free period, as specified in the Scale of Rates.
Demurrage means the charge levied for the detention of any rolling stock after the expiry of free time, if any, allowed for such detention;
Demurrage means the time in excess of the laytime allowed to Buyer calculated as per this Clause 16 and/or the agreed damages payable by Buyer to Seller for the excess time for Time Chartered Vessels as will be agreed upon pursuant to Clause 14(a)(iii).
Demurrage means charges payable for storage of cargo in transit area within port premises beyond free period, as specified in this SoR and shall not apply for cargo stored at areas licensed to port users for such purposes.
Demurrage means charges payable for storage of cargo in transit area within port premises beyond free period, as specified in the scale of rates, and shall not apply for cargo stored at areas licensed to Port users for such purpose.
Demurrage means an agreed amount payable to the owner in respect of delay to the vessel beyond the laytime, for which the owner is not responsible. Demurrage shall not be subject to laytime exceptions.
Demurrage means all costs, damages, penalties and charges resulting from any delay in excess of two (2) business hours in loading of Product shipments, including, without limitation, any delay related to any Transport Carrier, as applicable: (i) being incapable of timely loading any shipment of Product due to mechanical failure or for other reasons, or (ii) delivering any shipment of Product to an incorrect Delivery Point.