Time Charter Demurrage
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Demurrage in Shipping: What It Is, Where It Applies, and Why It Costs More Than You Think
Most people who have been in shipping for years still use the word demurrage incorrectly. They use it for one specific situation in their part of the industry and assume that is the whole picture. It is not. Demurrage exists across multiple areas of shipping and each one operates under a completely different legal framework,