BIMCO Search Results

What are the differences between demurrage and detention?

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.

Amendments to California’s Marine Invasive Species Program will come into force soon

California has amended regulation in section 2298.5 in Article 4.8 of Title 2, Division 3 of Chapter 1 of the California Code of Regulations. The regulatory changes become effective on 1 January 2021. It changes the way ships should submit information through the Marine Invasive Species Program Annu... Please follow the link to continue reading.