Demurrage

Definition

Compensation payable by a charterer when a vessel is detained beyond the agreed laytime for loading or discharging — a daily rate specified in the charter party

Context for Indian Seafarers

Understanding Demurrage is essential for DG Shipping examinations and practical shipboard operations. This term appears in MEO Class 4 oral exams, 2nd Mate FG assessments, and Function-wise competency tests.

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