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  • Haugen Consulting LLC
    Haugen Consulting LLC
    1 713 229 0059
    202 Travis St Ste 402, 77002  Houston

    Tanker vessel demurrage, an ancillary cost that represents liquidated damages for delays, occurs when the vessel is prevented from the loading or discharging of cargo within the stipulated laytime. Demurrage constitutes an extension of freight that lies unconditionally with the Charterer. As stated…