By extension, demurrage refers to the charges that the charterer pays to the shipowner for its extra use of the vessel. Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charter party).The demurrage sometimes causes a loss to the seller as it increases cost of the total freight. Today, however, demurrage has a slightly differen meaning.he demurrage sometimes causes a loss to the seller as it increases cost of the total freight.
The foreign policy of the United States is the way in which it interacts with foreign nations and sets standards of interaction for its organizations, corporations and individual citizens.nited States foreign policy affirms its alliance with the United Kingdom as its most important bilateral relationship in the world, evidenced by aligned political affairs between the White House and 10 Downing Street, as well as joint military operations carried out between the two nations.
The Monroe Doctrine, the foundation for U.S. foreign policy in the western hemisphere throughout most of its history, was declared on December 2, 1823, by President James Monroe (1817â1825) in his annual message to Congress.