Demurrage Definition

dĭ-mûrĭj, -mŭr-
noun
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.
Webster's New World
The delay itself.
Webster's New World

Compensation paid for such detention.

Wiktionary
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.
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.
YourDictionary

A charge made for exchanging currency for bullion.

Wiktionary
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Other Word Forms of Demurrage

Noun

Singular:
demurrage
Plural:
demurrages

Origin of Demurrage

  • Surface etymology is demur (“delay”) +‎ -age, with doubled ‘r’ to clarify pronunciation and avoid ambiguity with demure.

    From Wiktionary

  • 1640s, from Old French demorage, from demorer (English demur), from Latin demorari (“to tarry”).

    From Wiktionary

Demurrage Sentence Examples

  • Owners claimed demurrage pursuant to clause 8 of the charterparty.

  • Faith asserted a lien on the cargo for demurrage based on the lien on the cargo for demurrage based on the lien clause incorporated into the original bill.

  • These will include transport scheduling, personnel scheduling and port demurrage minimisation.

  • The House of Lords held that the company was not liable as principal to pay demurrage.

  • Faith asserted a lien on the cargo for demurrage based on the lien clause incorporated into the original bill.

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Words Starting With

DDEDEM

Words Ending With

EGEAGE

Unscrambles

demurrage

Words Starting With D and Ending With E

Starts With D & Ends With EStarts With DE & Ends With EStarts With D & Ends With GE

Word Length

9 Letter Words9 Letter Words Starting With D9 Letter Words Ending With E