Transportation
Dispatch Money
Bonus the shipowner pays the charterer when loading/unloading operations are completed before the agreed laytime.
Bonus the shipowner pays the charterer when loading/unloading operations are completed before the agreed laytime.
Dispatch money is the incentive the charterer receives for completing port operations in less than the agreed time, generally calculated as half the demurrage rate.
Laytime
Contractually agreed period for the charterer to load or unload goods from the vessel without incurring additional costs.
LogisticsDemurrage
An additional charge by the shipping line when a container is not returned within the agreed free time period after discharge at port.
TransportationCharter Party
Contract between a vessel owner and a charterer for full or partial use of the vessel to transport cargo.