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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.

WORLDFOODRECEIPT 99

The WORLDFOODRECEIPT 99 is a non-negotiable cargo receipt that was developed to be used for shipments under the WORLDFOOD 99 charter party. The latest edition of this cargo receipt is WORLDFOODRECEIPT 2017 and the latest edition of the charter party is WORLDFOOD 2017.