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Simple English definitions for legal terms
estadia
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A quick definition of estadia:
Estadia: A word from Spanish law that means a delay in a voyage or delivery of cargo caused by the person who hired the ship or was supposed to receive the cargo. This person becomes responsible for paying extra fees called demurrage for the time the ship or cargo was delayed. It's also called sobrestadia.
A more thorough explanation:
Definition: Estadia (es-tah-dee-ah), n. [Spanish] Spanish law.
- A delay in a voyage or delivery of cargo caused by the charterer or consignee, who becomes liable for demurrage.
- The time for which the party who has chartered a vessel or is bound to receive the cargo must pay demurrage because of a delay in performing the contract.
Examples:
- If a company hires a ship to transport goods and then delays the loading or unloading of the cargo, they will be responsible for paying estadia or demurrage fees.
- If a company agrees to receive a shipment of goods by a certain date but fails to do so, they will be charged estadia fees for the delay.
These examples illustrate how estadia refers to the fees charged for delays in the transportation or delivery of goods. If a company causes a delay, they are responsible for paying these fees to compensate the other party for the lost time and resources.