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demurrage - Meaning and Examples

Meaning of 'demurrage' (Webster Dictionary)

1 . Demurrage [ n.]
- The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing.
- The allowance made to the master or owner of the ship for such delay or detention.

Nearby Words:

demagnetize demagog demagogic demagogical demagogism demagogue demagogy demain demand demandable

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Related Definitions

  • Demurrage
    Demurrage is the extra charges paid to a shipowner or carrier when a specified period for loading/unloading is exceeded

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