demurrage

Demurrage is defined as money paid to a chartered freight carrier if the vehicle or ship is delayed, or a delay in cargo loading causing a late departure.

(noun)

  1. When a ship is not loaded on time as promised, this is an example of a time when demurrage would be paid.
  2. When a truck leaves late because the cargo was loaded late, this is an example of demurrage.

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See demurrage in Webster's New World College Dictionary

noun

  1. the compensation payable to a carrier of freight whose vehicle or vessel is delayed, as by failure to load or unload the freight within the time allowed
  2. the delay itself

Origin: OFr demorage, a delay < demorer: see demur

See demurrage in American Heritage Dictionary 4

noun
  1. Detention of a ship, freight car, or other cargo conveyance during loading or unloading beyond the scheduled time of departure.
  2. Compensation paid for such detention.

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