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despatch, the inverse of demurrage, paid by the shipowner to the charterer under a voyage charter when a ship is loaded or unloaded in less time than allowed in the charter party Merchants Despatch , a refrigerated freight transporting company, which founded the village of Despatch, New York
Dispatch is a procedure for assigning employees (workers) or vehicles to customers. Industries that dispatch include taxicabs, couriers, emergency services, as well as home and commercial services such as maid services, plumbing, HVAC, pest control and electricians.
This extra usage usually entitles the container supplier (usually the shipping carrier) to require a payment from the merchant. [ citation needed ] In principle, it can be considered that the similarity between vessel demurrage and container demurrage is correct since both refer to the same concept, which is the late return of equipment ...
[5] [6] If the whole period of laytime is not needed, a refund called "despatch" may be payable by the shipowner to the charterer. Despatch is normally paid at 50% of the demurrage rate, but that depends on the terms of the charterparty. The ship may thus be able to leave port early. Despatch does not normally apply to tanker charters ...
The word nautical derives from the Latin nauticus, from Greek nautikos, from nautēs: "sailor", from naus: "ship". Further information on nautical terminology may also be found at Nautical metaphors in English, and additional military terms are listed in the Multiservice tactical brevity code article.
If laytime is saved, the charter party may require the shipowner to pay despatch to the charterer. [1] A time charter is the hiring of a vessel for a specific period of time. The owner supplies the vessel and crew, but the charterer selects the ports, route and vessel speed, the last being a significant determinant of carbon dioxide emissions.
SYDNEY (Reuters) -The remaining five members of the "Bali Nine" Australian drug ring have returned from Indonesia after diplomatic efforts between the countries this month to strike a repatriation ...
The term shipping originally referred to transport by sea but in American English, it has been extended to refer to transport by land or air (International English: "carriage") as well. " Logistics ", a term borrowed from the military environment, is also used in the same sense.