Charter - Freight / Demurrage Deposit
Pre-voyage freight deposit requirement and demurrage deposit on fixture - the standard shipper-owner cash flow.
Deposit (ASBA/ABSS)
1,710,000USD
Formula, assumptions, and limits
ASBA / ABSS: 95 % on signing BOL, 5 % on delivery less deductions. Demurrage held back (retention) pending final laytime calc. LOI in lieu of OBL common.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| Freight value | USD | voyage fixture | |
| Deposit percentage | - | CP terms |