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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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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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