A charge owed to the owner of a ship in a circumstance where the transported goods are not loaded or unloaded in an agreed time frame. These are basically liquidated damages for breaching the laytime.
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A charge owed to the owner of a ship in a circumstance where the transported goods are not loaded or unloaded in an agreed time frame. These are basically liquidated damages for breaching the laytime.
Posted Using LeoFinance Beta
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