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Some vendors allow free no-cost time for limited hour(s) when demurrage occurs, others do not allow free time for delays. The demurrage charge is normally an hourly rate. Unforeseeable until delivery, costs of delays are sometimes separately invoiced from the cost of deliverable. In banking, demurrage is the charge per ounce made by the Bank of ...
Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is the cost of storing and securing the gold.
It differs from a charge in that it is nonconsensual. It is conferred only in very limited circumstances, the most common (and least ambiguous) concerning the sale of land; an unpaid vendor has an equitable lien over the land for the purchase price, notwithstanding that the purchaser has gone into occupation of the property.
Four shipper associations want the Surface Transportation Board to allow demurrage charges to be assessed on privately owned railcars as an incentive for freight railroads to move those railcars ...
A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
The demurrage associated with e-gold is arguably expended by the currency operator to help cover real storage costs. Bernard Lietaer 's terra is a commodity basket currency proposal similar to Keynes's bancor or L'Europa (The idea to establish a L'Europa – monnaie de la paix from early concepts presented in an article in the French newspaper ...
If the charterer's delay means that laytime is exceeded, a predetermined penalty (i.e. liquidated damages) called "demurrage" is incurred. [5] [6] If the whole period of laytime is not needed, a refund called "despatch" may be payable by the shipowner to the charterer.
"demurrage" means the charge levied for the detention of any rolling stock after the expiry of free time, if any, allowed for such detention; "endorsee" means the person in whose favor an endorsement is made, and in the case of successive endorsements, the person in whose favor the last endorsement is made;