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Demurrage vs Laytime - What's the difference?

demurrage | laytime |

As nouns the difference between demurrage and laytime

is that demurrage is the detention of a ship or other freight vehicle, during delayed loading or unloading while laytime is in commercial shipping, the amount of time specified in a charter party for a vessel's loading and unloading.

demurrage

English

Noun

(wikipedia demurrage)
  • (nautical) the detention of a ship or other freight vehicle, during delayed loading or unloading
  • compensation paid for such detention
  • a charge made for exchanging currency for bullion

    • Antonyms

    * despatch

    Coordinate terms

    * cranage, shippage, shorage, tonnage, wharfage

    References

    laytime

    English

    Noun

  • In commercial shipping, the amount of time specified in a charter party for a vessel's loading and unloading.

    • See also

    * demurrage

    Anagrams

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