Despatches From The Invisible Revolution
Despatch may refer to: Business * despatch, the inverse of demurrage, paid by the shipowner to the charterer under a voyage charter when a ship is loaded or unloaded in less time than allowed in the charter party * Merchants Despatch, a refrigerated freight transporting company, which founded the village of Despatch, New York Military terminology * Despatch rider, a military motorcycle courier * Mentioned in despatches, a military tradition for commending notable achievements * Military communications, particularly historically Places * Despatch, Eastern Cape, a small town near Uitenhage and Port Elizabeth in South Africa * Despatch, New York, United States, village now known as "East Rochester" Ships * Despatch (brig), ''Despatch'' (brig), ran aground near Newfoundland in 1828 * HMS Despatch, HMS ''Despatch, the name of various British Royal Navy ships * USS Despatch, USS ''Despatch'', the name of various United States Navy ships * Dispatch (sternwheeler), ''Dispatch'' ...
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Demurrage
The term "demurrage" from Old French ''demeurage'', from ''demeurer'' – to linger, tarry – originated in vessel chartering and referred to the period when the charterer remained in possession of the vessel after the period normally allowed to load and unload cargo ( laytime). By extension, demurrage refers to the charges that the charterer pays to the ship owner for its delayed operations of loading/unloading.Maritime Knowhow website: GENCON Clause 7
Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charter party). The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. The inverse of demurrage is despatc ...
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