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- If this form is populated, the rates entered here supersede whatever is entered in the port line for the entire laytime.
- If only one Demurrage Rate is defined, it is used for the whole period.
- If a rate is defined with the highest Days less than the demurrage time, that rate is used for all extra time.
- In the example above, the following rates are applied:
- First 5 days = $1K/day
- Next 10 days = $2K/day
- Next 15 days and beyond = $3K/day
- Demurrage/despatch amount for the calculation is calculated for each port individually based on this setup - then summed up.
- The average demurrage /despatch (or despatch - whichever applies to the port) rate for each port - based on this setup and the balance days at the port - is displayed in the Dem Rate/D and Des Rate/D columns in the Laytime Calculation's itinerary grid accordingly.