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Question

Difficulty: HardOccupational and Specialized Registers

Read the sentence below concerning maritime trade logistics and fill in the missing technical term. What is the correct occupational term to complete the sentence?

Answer:When the charterer failed to complete the loading of cargo within the agreed laytime, the shipowner levied a daily penalty fee known as 【demurrage】 for the extended detention of the vessel at the port.

Answer

The correct occupational term to complete the sentence is 'demurrage'.
In maritime trade and shipping register, 'demurrage' is the specific technical term for the penalty fee assessed when a vessel is held by a charterer beyond the stipulated time allowed for loading or unloading (laytime).

Step-by-Step Solution

1
Analyze the occupational domain and context
The passage belongs to the maritime shipping and chartering register, describing a situation where a cargo vessel is delayed beyond the allocated loading time ('laytime').
Understanding the specific industry context is essential to selecting the precise technical term.
2
Identify the specific maritime term for loading delay compensation
In maritime law and shipping commerce, 'demurrage' refers specifically to the liquidated damages payable by a charterer to a shipowner for detaining the vessel past the allowed laytime.
Related terms such as 'freight' (cost of cargo transport) or 'wharfage' (port dock usage fee) describe different financial concepts in shipping.

Key Concept

Occupational and Specialized Registers
Estimated Time:1m 30s
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Occupational and Specialized Registers

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