Demurage
The money payable to the owner for delay for which the owner is not responsible in loading and or/discharging after the laytime has expired.
Despatch
The money payable by the owner if ship complete loading or discharging before the laytime has expired .
Deadfreight
This term is applied to the sum of payable to the shipowner when the charter has failed to load a full and complete cargo in accordance with the provision of the contract .
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