THE shipping team at Moore Stephens has publitshed the fourth in its alphabetic 'devil's dictionary' of classic and alternative definitions of shipping and accountancy terms, reports the Maritime Advocate, an admiralty law guide based in Red Bank, New Jersey.In the latest issue of its Bottom Line newsletter, it explains that 'D' is for demurrage, a charge payable for exceeding the time allowed for the loading or discharging of cargo from a ship. But its alternative definition is arguably more engaging.
"Demurrage," it says, "is formed from the combination of two separate words - 'demur' and 'rage' - and literally means to object to anger. This is quite sensible because Ralph Waldo Emerson said that, for every minute you are angry, you lose 60 seconds of laytime (or possibly happiness).
"Emerson was unreadable, even when he was alive, but was never late for his breakfast," noted the Maritime Advocate's Chris Hewer.
"The four most common causes of demurrage are bad weather, lack of finance and an inability to count properly. 'Once on demurrage, always on demurrage' is one of the oldest sayings in shipping, especially all of them.
But Lord Donaldson held in the Helle Skou that it actually means, 'Once on demurrage, not always on demurrage', and Lord Fraser of Tullybelton said, 'I agree'.
The owners appealed, although not to everybody, and asked whether charterers were prepared to let bygones be bygones and, if so, when," he continued.
"Despatch money, or temps gagne, is the opposite of demurrage and can be collected at both ends. For best results, travel hopefully rather than arrive. Je reste mon attache," dit M Hewer.
"Despatch money, or temps gagne, is the opposite of demurrage and can be collected at both ends. For best results, travel hopefully rather than arrive. Je reste mon attache," dit M Hewer.
Source : HKSG, 05.11.10.
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