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.
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Other Word Forms of Demurrage
Noun
Singular:
demurrage
Plural:
demurragesRelated Articles
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