Posted on October 19, 2017
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willisgroupservices.com/PROD2LZ/lz.aspx?p1=05063702S6497&CC=&p=0
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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.
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