demurrage
Demurrage is a policy extension contained in a maritime collision liability coverage section.
demurrage
Demurrage is a policy extension contained in a maritime collision liability coverage section.
Additional Information
Demurrage provides payment to the owner of the other vessel in the collision (when the policyholder's vessel is at fault) for costs resulting from the loss of the use of the vessel and the delay caused in the voyage while the vessel is being repaired.
