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BAF Insurance Company (Cayman) Ltd.

Phone: (345) 949-5089
Email:
Website: http://cayman.mybafsolutions.com

Download Customer Notice – March 2020

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Andrews Key Chartered Surveyors →

DEMURRAGE

Money paid to a ship owner in compensation for delay of a vessel beyond the period allowed in a charter party when loading or discharging. In marine insurance the term is used to denote any loss of hire period incurred by the ship owner.