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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]
Roll trailers are a common equipment used in ports and on board of roll-on/roll-off ships, [1] to facilitate the shipping of unmovable commodities and oversize load from one port to another. Standard lengths of roll trailers are 20, 40 and 62 feet (6.1, 12.2 and 18.9 m), in line with twenty-foot equivalent unit shipping containers , but can ...
The port state control (PSC) makes inspection of ships in port, taken by a port state control officer (PSCO). Annual report of Paris MoU reported that a total of 74,713 deficiencies were recorded during port state control inspections in 2007, which deficiencies resulted in 1,250 detentions that year. [13]
Justin Sullivan/Getty Images For years, whenever either FedEx (FDX) or United Parcel Service (UPS) changed rates for parcel delivery, the other wasted little time in duplicating the move. Of ...
For ships not exceeding 500 Gross Tons (GT), the first registration fee is HK$3,500; ships exceeding 500GT, the fee is HK$15,000, much lower than the original charges of HK$100,000. If a ship has no detention record under Port State Control (PSC) regime within 2 years, the registered ship receives a 6 month ATC reduction for the next year.
Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship.