How can I pronounce the word 'demurrage' correctly?
demurrage
noun
How to pronounce demurrage?
The word demurrage sounds like de-mur-rage
/dɪ'mɜrɪdʒ/
What is the definition of demurrage?
nouna charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
noundetention of a ship or freight car or other cargo beyond its scheduled time of departure
What is the definition of demurrage?
- Demurrage refers to the charges imposed for the delay in unloading or returning equipment or goods that are being held at a port or terminal beyond the allowed free time.
What are the common causes of demurrage?
- Some common causes of demurrage include congestion at ports, delays in customs clearance, insufficient documentation, and late arrival of containers.
How is demurrage calculated?
- Demurrage is typically calculated based on a per-day or per-hour rate. The calculation starts after the allowed free time has expired and continues until the equipment or goods are unloaded or returned.
Who pays for demurrage charges?
- Demurrage charges are usually paid by the party responsible for the delay, which is often the consignee or the party receiving the goods. In some cases, demurrage charges may be passed on to other parties involved in the shipment.
What is the purpose of demurrage charges?
- The purpose of demurrage charges is to incentivize the prompt unloading or return of containers or equipment. By imposing charges for delays, it encourages efficient use of port facilities and reduces congestion.
Can demurrage charges be avoided?
- Demurrage charges can be avoided by ensuring timely customs clearance, providing accurate documentation, and arranging for prompt pickup or return of containers or equipment. It is important to comply with the terms and conditions of the shipping contract.
Are demurrage charges negotiable?
- Demurrage charges are usually determined by the shipping line or terminal operator and may not be easily negotiable. However, in some cases, parties can negotiate or appeal if there are valid reasons for the delay.
What is the difference between demurrage and detention?
- Demurrage refers to charges for the delay in unloading or returning goods at a port or terminal. Detention, on the other hand, refers to charges for the delay in returning containers or equipment to the shipping line or leasing company after they have been unloaded.
What are the consequences of not paying demurrage charges?
- Failure to pay demurrage charges can result in legal action, such as the placement of a lien on the goods or equipment, and may impact future shipments. It is important to resolve any demurrage issues promptly to avoid further complications.
How can demurrage charges be minimized?
- Demurrage charges can be minimized by optimizing logistics and supply chain processes, ensuring efficient coordination between parties involved, and proactively addressing any potential delays or issues.
