The law of demurrage examines this area of commercial and shipping law in various key perspectives include the charterers duties and considerations the nature of lay time its calculation legal contractual issues as well as demurrage damages for detention and claims. In maritime law demurrage is the amount identified in a charter contract as damages payable to a shipowner as compensation for the detention of a ship beyond the time specified by a charter party for loading and unloading or for sailing. An analysis of the relevant parts of the legal systems of major shipping countries the book also includes sections on calculation of demurrage payments. This text presents an up to date treatment of all aspects of demurrage it examines both the legal and commercial aspects of the subject explaining what actually happens in port during laytime and how demurrage can arise alongside detailed examination of legal principles and the contractual and liability issues involved
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