Laytime & demurrage under the new GENCON - an opinion piece by John Weale, Chairperson of the GENCON revision subcommittee
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Holidays play a fundamental part in shipping. Not only are holidays instrumental in determining if overtime rates have to be paid to stevedores or other port services, but in many charter parties, holidays are excepted from laytime. As such, charterers and owners will have opposing interests related... Please follow the link to continue reading.
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