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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 Compagnie maritime d’affrètement - Compagnie générale maritime or CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé. [7]The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), translating as "Maritime Freighting Company" and "General Maritime Company", respectively.
The port facility in pink along with the usual route of ships entering Newark Bay via The Narrows and Kill Van Kull between Bayonne, New Jersey, and Staten Island Container port facilities at Port Newark-Elizabeth Marine Terminal seen from Bayonne, New Jersey Part of the A.P. Moller Container terminal at Port Elizabeth USACE patrol boat on Newark Bay
American President Lines, LLC (APL, formerly American President Lines Ltd.), is an American container shipping company that is a subsidiary of French shipping company CMA CGM. It operates an all-container ship fleet, including nine U.S. flagged container vessels.
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.
The executive branch is allowed to move money appropriated by Congress from one agency to another within a department, and this Trump administration would not be the first to do so in order to ...
WASHINGTON/HOUSTON (Reuters) -The United States on Friday imposed new sanctions on eight Venezuelan officials and increased to $25 million the reward it is offering for the arrest of President ...
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