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"Demurrage" / d ɪ ˈ m ʌ r ɪ dʒ / [1] in vessel chartering is the amount of liquidated damages owed by a charterer to a shipowner when the charterer remained in possession of the vessel for the purpose of loading and unloading beyond the time allowed by contract. [2]
If no demurrage is provided for by the charter-party, and the vessel is not loading or discharging beyond the lay days, the shipowner can claim damages for the loss suffered by the detention of the ship. [4] In other cases, if the vessel is detained beyond the fixed number of demurrage days, the ship owner can recover damages for detention.
binnacle list A ship's sick list. The list of men unable to report for duty was given to the officer or mate of the watch by the ship's surgeon. The list was kept at the binnacle. bird farm United States Navy slang for an aircraft carrier. bite Verb used in reference to a rudder, as in "the rudder begins to bite". When a vessel has steerageway ...
The British meaning is based on the idea that the topic will be on the table for only a short time and is there for the purpose of being discussed and voted on; the American meaning is based on the idea of leaving the topic on the table indefinitely and thereby disposing of it, i.e. killing its discussion.
In some cases, a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, the freight rate.Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers).
Abaft (preposition): at or toward the stern of a ship, or further back from a location, e.g. "the mizzenmast is abaft the mainmast". [1]Aboard: onto or within a ship, or in a group.
Ship arrest refers to the civil law procedure whereby a ship or similar marine vessel may be arrested by judicial process and held under state authority in a particular jurisdiction pending the determination of present or future claims relating to the vessel.
The Hague Rules of 1924 effectively codified, albeit in a diluted form, the English common law rules to protect the cargo owner against exploitation by the carrier. Nearly 50 years later, the Hague-Visby "update" made few changes, so that the newer Rules still applied only to "tackle to tackle" carriage (i.e. carriage by sea) and the container ...