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As part of its effort to openly share COVID-19 information and advice with the industry BIMCO has published a Q&A on its Infectious Diseases Clauses.
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Demurrage forms an integrated part of the laytime provisions in voyage charter parties operating with fixed laytime. Just as voyage freight, the amount of demurrage negotiated reflects the current market conditions and not necessarily the daily cost of the vessel. This means that it is just as impor... Please follow the link to continue reading.