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The Steps Behind Managing a Demurrage Claim

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The work involved in processing a demurrage claim is extensive.

Analysts have to scroll through an overwhelming volume of documents, often from multiple sources with varying degrees of reliability.

Bills of lading, charter party agreements, notices of readiness, and port logs are just a few of the documents that need to be reconciled to create a comprehensive timeline of events.

In this handbook, we will cover the steps and implications that compose the process of managing a demurrage claim, covering the routine a demurrage or chartering analyst has in:

  • Understanding contractual terms, with insight on the key clauses to look for when dealing with a charter party contract;
  • The key relevant documentation that should be analyzed when calculating a claim and why the SoF is an essential piece;
  • How specific clauses can favor one party or the other when negotiating a claim, and more.
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“Depending on how it’s formulated, a charter party can add up from 50 to 60% on the demurrage claim value for either the charterer or the shipowner, only by applying the right clauses.

The conclusion is that not fully understanding the implications of the charter party clauses on demurrage can easily represent several million dollars per year in lost revenue”

Bret Smart

Founder, Voyager Portal

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