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more about demurrage
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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