The Basic Principles Of 182. Prepayment finance for raw material imports
A demurrage charge in dry bulk shipping is actually a fee imposed to the charterer once the process of loading or unloading cargo at a port will take for a longer period than the agreed-on time, generally known as laytime.600 (UCP 600. The UCP is really a set of contractual rules which might be usually incorporated by Convey agreement right into a