Vessel prevented from berthing by congestion and tide
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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.
Laytime allowed
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Notice given at the pilot station
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Brokers
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Asbatankvoy pumping warranty
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BIMCO publishes three ETS clauses for Contracts of Affreightment
BIMCO publishes three ETS clauses for Contracts of Affreightment
Sub stem fixture
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Background
Owners commonly require time charterers to provide a written guarantee underwriting their obligations to pay the owners for all sums due under the agreement. Such guarantees are typically issued by a parent company. A guarantee should provide owners with a greater degree of security; but if it is po... Please follow the link to continue reading.
Misuse of the term "subject stem" and similar expressions
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