Definition of demurrage in English:
noun[mass noun] Law
A charge payable to the owner of a chartered ship on failure to load or discharge the ship within the time agreed.
- 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?
Definition of demurrage in:
- US English dictionary
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