Search results
Results from the WOW.Com Content Network
Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charter party). The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. [3] The demurrage fee is often a daily amount agreed between charterers and ship owners.
If the currency in question is run by the government, the demurrage fee can contribute to general tax revenue. In mutual credit systems all positive accounts, or those over a credit threshold, are debited the demurrage fee if there is no trading (purchasing) after a certain period (e.g. a month or year after the last purchase). Typically the ...
Seigniorage is the positive return, or carry, on issued notes and coins (money in circulation). Demurrage, the opposite, is the cost of holding currency.. An example of an exchange of gold for "paper" where no seigniorage occurs is when a person has one ounce of gold, trades it for a government-issued gold certificate (providing for redemption in one ounce of gold), keeps that certificate for ...
Each Wära banknote had a monthly demurrage fee of one percent of its nominal value. This fee could be balanced by the acquisition of demurrage stamps of 1/2, 1, 2, 5, and 10 Wära-cents (1 cent equalled 1 Reichspfennig). On the back of the Wära banknote was a series of printed fields, where the demurrage stamps could be glued onto.
The new government needed a way to collect taxes from all the states that were easy to enforce and had only a nominal cost to the average citizen. The Tariff of 1789 was the second bill signed by President George Washington imposing a tariff of about 5% on nearly all imports, with a few exceptions.
A North Carolina father is facing criminal charges after authorities allege he left his child isolated in a room with a space heater for more than 12 hours, leading to his death.
(The Center Square) — In Louisiana, violent and property crime numbers across the state have dropped from recent years. Despite this, a survey earlier this year from the Manship School at LSU ...
A recently announced class action lawsuit filed against T-Mobile alleges the company has disguised a hidden fee as a government charge for two decades.. The wireless network allegedly ...