MLchartDataset catalogue

Demurrage

Term · Insurance and risk management · MLC-T-INS-001118

A charge payable to the owner of a chartered ship or freight car for delays in loading or unloading beyond the agreed-upon time. In marine insurance, demurrage costs can sometimes be covered under specific clauses if the delay is caused by an insured peril. These charges compensate the carrier for the loss of use of their equipment.

Table 1. Record
IdentifierMLC-T-INS-001118
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001118",
  "term": "Demurrage",
  "field": "Insurance and risk management",
  "definition": "A charge payable to the owner of a chartered ship or freight car for delays in loading or unloading beyond the agreed-upon time. In marine insurance, demurrage costs can sometimes be covered under specific clauses if the delay is caused by an insured peril. These charges compensate the carrier for the loss of use of their equipment.",
  "url": "https://mlchart.com/terminology/insurance/demurrage/"
}

Record 932 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.