Audit Services
Laytime and demurrage plays an important role in any voyage charter or commodity contract. While demurrage typically represents a small proportion of the overall cost of freight or cost of the commodity, disputes over the interpretation of events during cargo operations and their impact on laytime can have an outsized impact on settling a claim.
Ongoing contract optimization is a critical business function that is often overlooked. B&V demurrage advisory team ensures your contracts are up to date and reflect the parameters of your trade. This service includes analyzing your demurrage associated with each contract type or counterparty, and providing feedback to improve contractual terms to minimize demurrage risk and exposure.
