Container Demurrage Charges Clause

CONTAINER DEMURRAGE CHARGES CLAUSE #

This policy shall cover demurrage charges and/or late penalties assessed against, and paid by the Assured for late return of containers when said containers are retained by the Assured at the instruction of the Underwrites for inspection by the underwriters Surveyor in investigation of loss or damage recoverable under this policy.

Explanation: There are other versions which provide for demurrage charges when a container cannot be sent back to the terminal before the agreed due date provided this delay was caused by an insured peril during the period the container was in the custody of the assured.