Cayman Insurance Centre
Phone: Gen: (345) 949-4657; Health: (345) 949-3930
Email:
Website: http://www.cic.com.ky
Phone: Gen: (345) 949-4657; Health: (345) 949-3930
Email:
Website: http://www.cic.com.ky
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.