- When a ship is not loaded on time as promised, this is an example of a time when demurrage would be paid.
- When a truck leaves late because the cargo was loaded late, this is an example of 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.
- 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
- the delay itself
Origin of demurrageOld French demorage, a delay from demorer: see demur
- Detention of a ship, freight car, or other cargo conveyance during loading or unloading beyond the scheduled time of departure.
- Compensation paid for such detention.
(countable and uncountable, plural demurrages)