demurrage - Meaning in Punjabi
demurrage - Meaning in Punjabi
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Definitions and Meaning of demurrage in English
demurrage noun
- detention of a ship or freight car or other cargo beyond its scheduled time of departure
- a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
Description
"Demurrage" in vessel chartering is the period when the charterer remained in possession of the vessel after the period normally allowed to load and unload cargo (laytime). By extension, demurrage refers to the charges that the charterer pays to the ship owner for its delayed operations of loading/unloading. Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract. The demurrage sometimes causes a loss to the seller as it increases cost of the total freight.
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What is demurrage meaning in Punjabi?
The word or phrase demurrage refers to detention of a ship or freight car or other cargo beyond its scheduled time of departure, or a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure. See demurrage meaning in Punjabi, demurrage definition, translation and meaning of demurrage in Punjabi. Learn and practice the pronunciation of demurrage. Find the answer of what is the meaning of demurrage in Punjabi.
Other languages: demurrage meaning in Hindi
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What is demurrage meaning in Punjabi, demurrage translation in Punjabi, demurrage definition, pronunciations and examples of demurrage in Punjabi.
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