Incoterms 2020
A financial incentive paid by the shipowner to the charterer if loading/unloading is completed faster than the time allowed (laytime) in the charter party.
Quick answer: A financial incentive paid by the shipowner to the charterer if loading/unloading is completed faster than the time allowed (laytime) in the charter party.
This term page is part of the Protermify Logistics glossary and is published as static HTML for fast indexing and clear language coverage.
A financial incentive paid by the shipowner to the charterer if loading/unloading is completed faster than the time allowed (laytime) in the charter party.
Despatch Money matters because it supports clear communication in Incoterms 2020 contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
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Questions and answers
In this glossary, Despatch Money refers to: A financial incentive paid by the shipowner to the charterer if loading/unloading is completed faster than the time allowed (laytime) in the charter party.
In logistics communication, this term appears in contexts such as: "The vessel finished discharging ahead of schedule, entitling the charterer to claim despatch money from the shipowner."
Despatch Money matters because it supports clear communication in Incoterms 2020 contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Despatch Money is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
In this glossary, Despatch Money is grouped under Incoterms 2020. Related pages in this category explain adjacent procedures, commands and operational concepts.
This definition is sourced from Incoterms 2020 (ICC), FIATA, IATA DGR, WCO and published by Protermify Logistics as a static logistics reference page.
A financial incentive paid by the shipowner to the charterer if loading/unloading is completed faster than the time allowed (laytime) in the charter party.
The vessel finished discharging ahead of schedule, entitling the charterer to claim despatch money from the shipowner.
English reference definition
Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
Use the related links below to continue through connected logistics terminology.
