Demurrage
A penalty charge payable by the charterer when a vessel is kept at the loading or discharging berth beyond the agreed laytime.
Related
Source: Voylayrules 1993 (BIMCO)
A penalty charge payable by the charterer when a vessel is kept at the loading or discharging berth beyond the agreed laytime.
Source: Voylayrules 1993 (BIMCO)