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What are the top best demurrage practices in your routine? Jul 6, 2023 3 min read Thanks to Voyager https://www.voyagerportal.com/ for raising this interesting question and considering my brief comments below on this exciting topic. Question: “What are the best practices you apply in your routine while working with demurrage? “ One must paint the whole picture of demurrage; knowledge of the entire process is key to establishing and applying proper practices while working with demurrage. Therefore, the “Applied demurrage practices” should be checked against the whole process: from pre-fixture negotiations to dispute resolution and process evaluation & improvement to add value. To address this question and for easy reference, the above image briefly illustrates the demurrage practices in my routine. In particular, it highlights the need for (i) good knowledge and understanding of market & trade practices, (ii) teamwork, i.e. collaboration with various departments within the company and 3rd parties, e.g. port agents, experts, P&I Correspondents, etc.,(iii) proper ship-shore communication and (iv) continuous process evaluation and improvement that adds value. Finally, on the right side, it reflects the whole process of demurrage, as follows. Pre-Fixture: consider amendments or incorporation of clauses or commercial terms to the contract; potential ambiguities or inconsistencies lead to disputes. Keep up to date with market changes and developments, e.g. new proposed clauses (see BIMCO) given the evolving emissions regime or for other matters, case law and arbitration awards, P&I Club circulars, seminars, etc. Pay attention to specific details or limitations about the expected employment by making proper inquiries to agents or other parties. For example, the delays at the JCC inspection area before or after leaving Black Sea caused significant demurrage disputes, the new proposed clauses dealing with decarbonisation require further consideration, etc. Pos
What are the top best demurrage practices in your routine?
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