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http://generalcargoship.com/charter-party-demurrage-clause.html
Despatch money or despatch is defined as an agreed amount payable by the owners if the vessel completes loading or discharging before the laytime has expired. Despatch will only be payable if provided for in a charter party clause (e.g. a Demurrage/Despatch Money Clause).
https://en.wikipedia.org/wiki/Demurrage
Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charter party). The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. The inverse of demurrage is despatch.
https://definitions.uslegal.com/r/reasonable-dispatch-transportation/
Reasonable Dispatch [Transportation] ... For example, if you deliberately withhold any shipment from delivery after an individual shipper offers to pay the binding estimate or 110 percent of a non-binding estimate, you have not transported the goods with reasonable dispatch. The term "reasonable dispatch" excludes transportation provided under ...
https://iistl.blog/2018/06/12/bimco-piracy-clause-2009-and-duty-to-proceed-with-due-despatch/
Jun 12, 2018 · BIMCO Piracy Clause (2009) and duty to proceed with due despatch On June 12, 2018 June 12, 2018 By Professor Simon Baughen In Charterparties , Time Charter , Uncategorized In London Arbitration 13/18 the vessel was time chartered under a charter on NYPE form which incorporated the BIMCO Piracy Clause for Time Charter Parties (March 2009).
http://www.generalcargoship.com/charter-party-freight-clause.html
Dead freight; Ordinary or charter party freight “Freight” is the remuneration payable by the charterers to the owners for the performance of the contract . It may be called charter party freight in the contract. Frieght clause specifies the freight rate, how freight will be calculated, when it must be paid, and the arrangements for payment.
https://grammarist.com/spelling/dispatch-despatch/
There is no difference between dispatch and despatch.The latter is an alternative spelling that was common in the 19th century and earlier, but dispatch has gained undisputed dominance in modern English.Despatch has mostly disappeared from the language—except in the U.K., where it appears in place of dispatch about a third of the time—and dispatch is the preferred spelling for all senses ...
https://www.charterama.com/cancelling-clauses/
Condition of the vessel on delivery and place of delivery. If the vessel is not in the condition or at the place as required by the C/P (Voyage C/P or Time C/P) by the cancelling date, apart from the right to cancel under the cancelling clause, this could be a separate breach of the C/P as a consequence of which damages can be claimed.
https://www.thefreedictionary.com/despatch
Define despatch. despatch synonyms, despatch pronunciation, despatch translation, English dictionary definition of despatch. v. & n. Variant of dispatch. vb a less common spelling of dispatch desˈpatcher n v.t. 1. to send off or away with speed, as a messenger, telegram, or body...
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