This charge generally applies when the port stipulated in the contract is not accessible or when the discharge there would result in unreasonable delay to the ship: under these circumstances, the shipping line may have an option under the contract of carriage to proceed to another port of discharge the cargo where extra costs may be incurred.įreight payable at a time agreed by the ship owner and the shipper, before the goods are delivered at the place of destination in the contract of carriage. The daily rate of additional demurrage is agreed in the Charter- Party.Įxtra charge imposed in accordance with the contract of carriage by a shipping line on the shipper, receiver or Bill of Lading holder, as the case may be, for additional expenses incurred in discharging the cargo. State trading countries regularly include a 5% address commission in their orders.Īmount of money paid to the shipowner by the voyage charterer, shipper or receiver, as the case may be, for failing to complete loading or discharging before the agreed period of free time has expired. The reason for this system is some times said to be that the charterer’s shipping department for bookkeeping purposes must show some kind of income from their activities. These are then listed together with the amendments sought.įreight calculated on the value of the goods, expressed as a percentage thereof.Ĭommission payable by the shipowner to the charterer. Term used by either the shipowner’s broker or the prospective charterer’s broker during the negotiations for the charter of a ship to signify that an offer or counter-offer is accepted apart from certain clauses or details. Accomplished Bill of Lading – Original Bill of Lading which has been surrendered to the carrying ship at the discharge port in exchange for the goods. In connection with bunkers, “about” has been interpreted to mean 5% latitude regarding speed, the tolerance is generally one half knot. 25,000 LT 5% more or less, at owner’s option), when referring to a period of time: usually 15 days, although each case is considered on its own merit. “about” usually covers a margin of 5 % either way (i.e. A conditional term used in qualifying cargo, time, bunkers or speed: when discussing cargo.

Lifo liner terms