Demurrage / Despatch
Demurrage charge for laytime exceeded, or despatch credit for laytime saved. Despatch typically half the demurrage rate.
Hours over/under
18.00h
Amount
22,500USD
Nature
Demurrage owed to owner
Formula, assumptions, and limits
'Once on demurrage, always on demurrage' - excepted periods don't apply once laytime overruns. Despatch typically half the demurrage rate (r = 0.5). Shex/Shinc/WWD/WIPON exceptions apply before overrun.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| CP-stated laytime | h | CP clause | |
| Actual time used | h | SOF | |
| Demurrage rate per day | USD/d | CP clause | |
| Despatch ratio of demurrage | - | CP clause |