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demurrage

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demurrage


  2  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Demurrage  \De*mur"rage\,  n.  [Cf.  OF  demorage  delay.  See 
  {Demur}.]  (Law) 
  a  The  detention  of  a  vessel  by  the  freighter  beyond  the 
  time  allowed  in  her  charter  party  for  loading,  unloading, 
  or  sailing. 
  b  The  allowance  made  to  the  master  or  owner  of  the  ship  for 
  such  delay  or  detention. 
 
  The  claim  for  demurrage  ceases  as  soon  as  the  ship 
  is  cleared  out  and  ready  for  sailing.  --M`Culloch. 
 
  Note:  The  term  is  also  applied  to  similar  delays  and 
  allowances  in  land  carriage,  by  wagons,  railroads,  etc 
 
  From  WordNet  r  1.6  [wn]: 
 
  demurrage 
  n  1:  a  charge  required  as  compensation  for  the  delay  of  a  ship  or 
  freight  car  or  other  cargo  beyond  its  scheduled  time  of 
  departure 
  2:  detention  of  a  ship  or  freight  car  or  other  cargo  beyond  its 
  scheduled  time  of  departure 




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