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  2. Demurrage - Wikipedia

    en.wikipedia.org/wiki/Demurrage

    "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]

  3. Affreightment - Wikipedia

    en.wikipedia.org/wiki/Affreightment

    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.

  4. Chartering (shipping) - Wikipedia

    en.wikipedia.org/wiki/Chartering_(shipping)

    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).

  5. Law of carriage of goods by sea - Wikipedia

    en.wikipedia.org/wiki/Law_of_Carriage_of_Goods...

    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 ...

  6. Statement of Facts - Wikipedia

    en.wikipedia.org/wiki/Statement_of_Facts

    Statement of Facts (SoF) is a report listing all events during a ship's stay in port in chronological order and is used for the calculation of the lay time [1] [2] and demurrage. The Statement of Facts may aid in the resolution of conflicts by providing transparency and a precise documentation. The Statement of Facts has usually a standardised ...

  7. Ship arrest - Wikipedia

    en.wikipedia.org/wiki/Ship_arrest

    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.

  8. Maritime lien - Wikipedia

    en.wikipedia.org/wiki/Maritime_lien

    The maritime lien is one of three in rem claims capable of being brought under UK admiralty law. Whilst being a common law instrument, it has been codified under s.21(3) of the Senior Courts Act 1981 [2] along with s.21(2) [3] and s.21(4), [4] its statutory counterparts.

  9. Laytime - Wikipedia

    en.wikipedia.org/wiki/Laytime

    The charterparty contract determines the precise meaning of "arrival". Usually, "arrival" is when the ship has arrived at the port and is ready in all respects to load or discharge; but it may be, say, when the ship has passed buoy #2 in the approach channel, or once the vessel has pass through lock gates.