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demurrage

Line breaks: de¦mur|rage
Pronunciation: /dɪˈmʌrɪdʒ
 
/

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.
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 'delay'): from Old French demourage, from the verb demourer (see demur).

Words that rhyme with demurrage

courage, encourage

Definition of demurrage in:

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