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Liquidated damages, also referred to as liquidated and ascertained damages (LADs), [1] are damages whose amount the parties designate during the formation of a contract [2] for the injured party to collect as compensation upon a specific breach (e.g., late performance). [3] This is most applicable where the damages are intangible.
"Demurrage" / d ɪ ˈ m ʌ r ɪ dʒ / [1] in vessel chartering is the amount of liquidated damages owed by a charterer to a shipowner when the charterer remained in possession of the vessel for the purpose of loading and unloading beyond the time allowed by contract. [2]
The Washington State Department of Transportation (WSDOT or WashDOT, both / ˈ w ɒ ʃ d ɒ t /) is a governmental agency that constructs, maintains, and regulates the use of transportation infrastructure in the U.S. state of Washington. Established in 1905, it is led by a secretary and overseen by the governor.
wsdot.wa.gov /travel /washington-state-ferries Washington State Ferries ( WSF ) is a public ferry system in the U.S. state of Washington . It is a division of the Washington State Department of Transportation (WSDOT) and operates 10 routes serving 20 terminals within Puget Sound and in the San Juan Islands .
A freight claim or cargo claim is a legal demand by a shipper or consignee against a carrier in respect of damage to a shipment, or loss thereof. [1] [2] [3]Typically, the claimant will seek damages (financial compensation for loss), but other remedies include "specific performance", where the cargo-owner seeks delivery of the goods as agreed.
There are six classifications of damages which are compensatory, consequential, punitive, incidental, nominal and liquidated damages. [14] The objectives to fulfil the remedies is to make the plaintiff or suffering party not to suffer, the law allows several damages or compensation to cover the losses by the injured party.
The court's calculation operated on the premise that but for Berkley's breach, Naval would have sold the same number of books that it did the month before. Though the evidence showed that the hardcover sales were in decline in September and the number was purely hypothetical, the court believed the uncertainty to this hypothesis was to "lay at ...
Other than pecuniary damages, which is the most common type of damages recovered, there are a few other recognizable types of damages under English law, and still others that have their validity subject to ongoing debate: Injured feelings and disappointment; Injured reputation; Speculative damages; Liquidated damages and penalty; Quantum meruit [4]