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You are here: Home / glossary / D1/2D (DHD) Despatch half Demurrage

D1/2D (DHD) Despatch half Demurrage

D1/2D (DHD) Despatch half Demurrage

Created OnFebruary 16, 2018
byCult of Sea
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The rate of payment of despatch by the shipowner to the Charterer for releasing the ship earlier than the period of agreed laytime (“Despatch”) is set in the charterparty to be half the rate of compensation at which the Charterer pays the shipowner if the agreed laytime is exceeded (“demurrage”). It is traditional for despatch payments to be at half the rate of demurrage payments.

Related:

  • Arrived ship
  • Dreadage or Dreading Clause
  • Damages for Detention
  • Hague Rules and Hague-Visby Rules
  • COA (Contract of Affreightment)
  • Ballast bonus (BB)

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