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Dema Demu

Demand guarantee

A guarantee issued by a bank, under which the beneficiary is only required to make a demand in order to receive payment. In contrast to the conditional guarantee – which require the beneficiary to provide proof of the principal´s default…

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Demurrage

The extra charges paid to a shipowner or carrier when a specified period for loading/unloading is exceeded. The demurrage may, depending on the context, be paid by the charterer or shipper. Also known as detention. See detention charges.

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