Demurrage definition

Demurrage as herein used means all charges associated with the disposition of Crude Oil, including all damages borne or incurred by Carrier as a result of such disposition.

Demurrage means charges payable for storage of cargo within port premises beyond free period, as specified in the scale of rates.

Demurrage means the defined level of damages paid to a vessel owner for the delays in loading or discharging the vessel after the Laytime has expired. It is customarily expressed in US dollars per day or portion thereof.

Examples of Demurrage in a sentence

• NFL shall be intimated the rate of Demurrage / Dispatch prior to fixing of the vessel.

• Demurrage charges resulting from the Contractor’s failure to accept the material at the designated time and point of delivery will be deducted from monies due the Contractor.

• Tenderer shall remove the rejected articles within seven days from date of intimation of the indenting officer failing which the tenderer is liable for Demurrage (charges at the rate of half percent of the cost of such stores per week or part thereof during which removal of such stores may be in arrears.)20.

• IBA is not liable to pay any Custom duty, Levies, Taxes, Demurrage or any other charges, Warehousing, Logistics etc.

• Demurrage / detention charges or any other claims paid by the company for reasons attributed to the contractor shall be recoverable from the contractor’s account.

More Definitions of Demurrage

Demurrage means charges payable for storage of cargo in transit area within the Terminal premises beyond free period, as specified in the Scale of Rates.

Demurrage means the charge levied for the detention of any rolling stock after the expiry of free time, if any, allowed for such detention;

Demurrage means the time in excess of the laytime allowed to Buyer calculated as per this Clause 16 and/or the agreed damages payable by Buyer to Seller for the excess time for Time Chartered Vessels as will be agreed upon pursuant to Clause 14(a)(iii).

Demurrage means charges payable for storage of cargo in transit area within port premises beyond free period, as specified in this SoR and shall not apply for cargo stored at areas licensed to port users for such purposes.

Demurrage means charges payable for storage of cargo in transit area within port premises beyond free period, as specified in the scale of rates, and shall not apply for cargo stored at areas licensed to Port users for such purpose.

Demurrage means all costs, damages, penalties and charges resulting from any delay in excess of two (2) business hours in loading of Product shipments, including, without limitation, any delay related to any Transport Carrier, as applicable: (i) being incapable of timely loading any shipment of Product due to mechanical failure or for other reasons, or (ii) delivering any shipment of Product to an incorrect Delivery Point.

Demurrage means an agreed amount payable to the owner in respect of delay to the vessel beyond the laytime, for which the owner is not responsible. Demurrage shall not be subject to laytime exceptions.