Demurrage / Despatch

Demurrage charge for laytime exceeded, or despatch credit for laytime saved. Despatch typically half the demurrage rate.

CharteringLaytime

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This calculator requires JavaScript to compute its result. The formula, symbols, and regulatory sources are shown in the Formula section below.

Formula, assumptions, and limits

\text{Demurrage} = \frac{\Delta h}{24} \cdot R_\text{dem}, \quad \text{Despatch} = \frac{\Delta h}{24} \cdot R_\text{dem} \cdot r

Source: BIMCO - Gencon laytime clauses

Demurrage charge for laytime exceeded, or despatch credit for laytime saved.