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 CHAPTER 7 Despatch

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Laytime and Demurrage

Page 537

CHAPTER 7

Despatch

Despatch

7.1 Despatch1 is the money that a shipowner is sometimes required under a charter to pay to the Charterer for completing loading or discharging in less than the allowed laytime. It only arises where the charter expressly so provides and is virtually unknown in tanker charters.

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