Pre-voyage freight deposit requirement and demurrage deposit on fixture - the standard shipper-owner cash flow.
Formula
$$ D = F \cdot p $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $F$ | Freight value | USD | voyage fixture |
| $p$ | Deposit percentage | - | CP terms |
Sources
- BIMCO ASBATANKVOY.