Which term defines the payment of penalty...

Question 1 / 2066636ee728f7522a1c51855f

Question 1 of 2066636ee728f7522a1c51855f

Which term defines the payment of penalty for a ship's delay after the expiration of lay days due to some fault of the charterer or his agent?

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Question 1 of 20

66636ee728f7522a1c51855f

Which term defines the payment of penalty for a ship's delay after the expiration of lay days due to some fault of the charterer or his agent?

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🔍 Key Concepts

• Lay days (laytime) in a charter party and what happens when they expire • The specific term in chartering for money paid when a ship is delayed beyond agreed loading/unloading time due to the charterer’s fault • Distinguish this specialized maritime term from generic finance terms or unrelated scientific words

💭 Think About

• Ask yourself: In voyage chartering, what is the standard word shipowners and charterers use for compensation when cargo operations take longer than the allowed laytime? • Which of these choices is commonly found in charter party contracts and bills of lading when discussing loading/unloading time and delays? • Eliminate any options that are clearly not shipping‑industry terms related to time lost in port because of the charterer.

✅ Before You Answer

• Confirm which option is a recognized maritime/chartering term found in standard charter party clauses. • Make sure the term you pick is specifically about payment for delay beyond lay days, not just a generic late payment or unrelated property. • Rule out any options that are clearly chemical or physical property terms that have nothing to do with shipping contracts.

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Question 1 of 20

Which term defines the payment of penalty for a ship's delay after the expiration of lay days due to some fault of the charterer or his agent?

Demurrage

Late fee

Miscibility

Volatility

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Question 1 / 2066636ee728f7522a1c51855f

Question 1 of 2066636ee728f7522a1c51855f

Which term defines the payment of penalty for a ship's delay after the expiration of lay days due to some fault of the charterer or his agent?

Back

Question 1 of 20

66636ee728f7522a1c51855f

Which term defines the payment of penalty for a ship's delay after the expiration of lay days due to some fault of the charterer or his agent?

No comments yet

Be the first to share your thoughts!

If the question has a related picture, it will appear here.

🔍 Key Concepts

💭 Think About

✅ Before You Answer

👋 Hi! I'm Genie, your AI study assistant. How can I help you with this question?

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