Definition of demurrage in English:

demurrage

Syllabification: de·mur·rage
Pronunciation: /dəˈmərij
 
/

noun

Law
A charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed.
More example sentences
  • How long is a ship obliged to remain on demurrage, and what are the rights of the owner if the charterer detains her too long?
  • Importers must also pay shipping companies demurrage, which is a charge imposed to cover the time between the arrival of its vessel and the return of its container delivered at the port.
  • Were a port to be built adequate for large vessels, would it be able to handle the steamer traffic, which could allow only a few hours to load and unload without incurring demurrage costs?

Origin

mid 17th century (also in the general sense 'procrastination, delay'): from Old French demourage, from the verb demourer (see demur).

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