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April 4, 2017

Demurrage

Demurrage

In business,
Demurrage is a delay
In delivery of a product
Via delivery truck.

When a delay occurs
With product delivery,
The delivery party
Can elect to claim

A no fault delay
By submitting a demurrage charge.

Criteria for allowable demurrage,
Payment conditions,
And payment terms
Are typically pre-negotiated
And accepted
By the vendor
Via contract

Prior
To conduct of business.

Some vendors allow
Free no-cost time
For limited hour(s)
When demurrage occurs.

Others do not allow
Free time for delays.

The demurrage charge
Is normally
An hourly rate.

Unforeseeable until delivery
Costs of delays
Are sometimes
Separately invoiced
From the cost of deliverable.

Road users who

  • tarry/
  • dawdle/
  • obstruct

Should
And may be charged
Demurrage.

Extra mass loads,
Cyclists,
Demonstrators,
Prayer groups etc.

May be charged

Demurrage

J.T.

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