If the charterer exceeds the allowed laytime, demurrage becomes payable. Further, major liability in demurrage to the innocent charterers, forwarders, etc. In commercial ship chartering, demurrage is an ancillary cost that represents liquidated damages for delays. If laytime were exceeded, the charterers were to pay demurrage of $1,000 per day. Freicoin is a cryptocurrency, in which demurrage is levied at approximately 5.00% per annum. The main terms of negotiation are freight/hire and demurrage. The time sheet enables laytime and therefore demurrage or despatch to be calculated. The demurrage charge is normally an hourly rate. Other terms are relevant here&colon; "demurrage", "dead freight", and "cesser", which are described below. However, the actual regime of container demurrage is still to be determined precisely. This system, called demurrage, is a form of currency circulation tax invented by Silvio Gesell. Demurrage, the opposite, is the cost of holding currency. In business, demurrage is a delay in delivery of a product via delivery truck. E-gold is an example of a modern private currency in which demurrage is applied. Not the same as Aliss Demurrage.