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• Demurrage: Demurrage is a fee charged by the owner of a chartered vessel to the charterer for the delay in loading or unloading beyond the time allowed in the charter party. It is a penalty fee for the use of the vessel beyond the agreed period. Demur ... Read More >>
• Dredger: A dredger is a vessel used for excavation and removal of sediments and debris from the bottom of water bodies such as rivers, lakes, and harbors. Dredgers are equipped with a variety of tools such as suction pipes, buckets, and cutting head ... Read More >>
• Raised Forecastle: A raised forecastle is a deck area at the bow of a ship that is raised above the main deck level. It is typically used on ships that operate in rough seas to prevent water from washing over the bow and to provide a better vantage point for ... Read More >>