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Difference between Demurrage, Detention and Despatch

Demurrage, Detention and Despatch are terms that are used around the world in day to day shipping.. However sometimes people get confused about what to use which term where, especially Demurrage as it relates to container and bulk trades..

This article endeavours to clear this confusion by discussing the difference between Demurrage, Detention and Despatch and the meaning of each of these terms..

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