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Simple English definitions for legal terms

contract demurrage

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A quick definition of contract demurrage:

Contract demurrage is a fee that a charterer must pay to a shipowner if they take longer than the agreed time to load or unload cargo from a vessel. This fee is specified in the contract between the charterer and the shipowner and is meant to compensate the shipowner for any losses incurred due to the delay. If the delay is not covered by the contract, the charterer may still be liable for non-contract demurrage, which is determined by a court. Additionally, a charge may be due for the late return of ocean containers or other equipment.

A more thorough explanation:

Definition: Contract demurrage refers to the liquidated damages that a charterer owes to a shipowner for failing to load or unload cargo within the agreed time. It is a type of demurrage that is specified in the charterer's contract with the shipowner.

Examples:

  • If a charterer agrees to load a ship within three days but takes four days to do so, they may be required to pay contract demurrage to the shipowner.
  • Contract demurrage can also apply to unloading cargo from a ship at the destination port.

These examples illustrate how contract demurrage is a penalty that a charterer must pay if they do not fulfill their obligations under the contract with the shipowner. It is a way to compensate the shipowner for any losses or expenses incurred due to the delay in loading or unloading cargo.

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letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
I'm curious, how bold can one be in those videos? Is it worth making a satirical Jason Statham-action short if the adcoms have no sense of humor?
the more risk you take the higher chance of it backfiring
my instinct would be low humor bc if they have such a complex application I would feel hesitant to use a major part of it as a joke. They clearly take their admissions seriously and a joke video might convey the wrong thing at the wrong time. I think that humor is best put into a PS anecdote where it adds some shine to your personality
safe is always better
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