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LSDefine

Simple English definitions for legal terms

demurrage

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A quick definition of demurrage:

Demurrage is a fee that a charterer (someone who hires a ship) has to pay to the shipowner if they take longer than the agreed time to load or unload cargo. This fee is like a penalty for being late. There are two types of demurrage: contract demurrage, which is agreed upon in the contract between the charterer and shipowner, and non-contract demurrage, which is ordered by a court. Demurrage can also refer to a charge for returning ocean containers or equipment late.

A more thorough explanation:

Demurrage is a term used in maritime law to refer to the liquidated damages that a charterer owes to a shipowner for failing to load or unload cargo within the agreed time. There are two types of demurrage:

This is demurrage that is paid by a charterer if the time to load or unload the vessel at port takes longer than what was agreed upon in the charterer's contract with the shipowner. For example, if a charterer agrees to unload a cargo ship within three days but takes five days to do so, they will have to pay contract demurrage to the shipowner.

This is demurrage that is not provided for in the contract but is ordered by a court. For example, if a charterer fails to unload a cargo ship within the agreed time and the shipowner takes them to court, the court may order the charterer to pay non-contract demurrage as damages for detention.

In addition to the above, demurrage can also refer to a charge that is due for the late return of ocean containers or other equipment.

Overall, demurrage is a way to compensate shipowners for the loss of time and money caused by a charterer's failure to load or unload cargo within the agreed time.

demurrable | demurrant

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JumpySubsequentDolphin
17:53
@shaquilleoatmeal: the garlic steak thing
shaquilleoatmeal
17:54
@ImpartialLion: "Won the Super Bowl and Nas the only one congratulate me All these *****s agitated, I'm just glad they showin' they faces Quite frankly, plenty artists, but they outdated" this line was everything
shaquilleoatmeal
17:57
@JumpySubsequentDolphin: mm surprisingly no, I do like their steak though. Chicken pesto parm lol i was going off the chicken parm vibe from the night before
shaquilleoatmeal
17:58
@babycat: how many essays do you have to finish? Can catch up another night cause thats priority for you rn
babycat
17:58
@shaquilleoatmeal: I did my main one for today what’s the story?
"****** from my city couldn't entertain old boy, Promisin' bank transactions and even bitcoin, I never peaced it up that **** don't sit well with me, Before I take a truce, I'll take 'em to Hell with me" is a good one too
shaquilleoatmeal
18:00
hes so sneaky with it, like if you honestly don't listen for it, you miss it
100%
shaquilleoatmeal
18:00
you want the long or short story ?
WorthlessAttractiveZombie
18:01
So no GULC, eh?
babycat
18:06
long story. we can go to off topic
no gtown still ?
babycat
18:06
she must’ve had weird vibes if it’s a long story
Kittencattigermeow
18:08
does anyone know what issues UNH is facing?
guys i just spent $200 on groceries. joe biden why did you do this to me
will trump make eggs cheap again
BulbasaurNoLikeCardio
18:10
I spent $600 on a custom AR10 upper in September and just got called and told they now may not ship it until fucking January. Trump needs to make my ship shit faster.
18:10
They making food more expensive so less fats
18:10
trust
babycat
18:11
RFK future
18:12
You need to perform Kennedy Presidential Fitness Test to graduate law school
18:12
Over/under on t14 students
18:12
70%?
18:12
20?
18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
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