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?
mid 17th century (also in the general sense 'procrastination, delay'): from Old French demourage, from the verb demourer (see demur).
Definition of demurrage in:
- The British & World English dictionary