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What are the differences between demurrage and detention?

Demurrage forms an integrated part of the laytime provisions in voyage charter parties operating with fixed laytime. Just as voyage freight, the amount of demurrage negotiated reflects the current market conditions and not necessarily the daily cost of the vessel. This means that it is just as impor... Please follow the link to continue reading.

Most common laytime exceptions

The general position under English law is that once laytime has started to count, it will count unabated, save the exceptions expressly agreed or if there is a fault on the part of the owners or those for whom they are responsible. Here, we will focus on a few of the most common exceptions, and on w... Please follow the link to continue reading.