Definition of demurrage Demurrage

de•mur•rage

We found 10 definitions of demurrage from 6 different sources.

What does demurrage mean?

Plural: demurrages

demurrage - detention of a ship or freight car or other cargo beyond its scheduled time of departure

demurrage - a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure

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demurrage (Noun)
The detention of a ship or other freight vehicle, during delayed loading or unloading.
demurrage (Noun)
compensation paid for such detention.
demurrage (Noun)
A charge made for exchanging currency for bullion.

demurrage (n.)
The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing.
demurrage (n.)
The allowance made to the master or owner of the ship for such delay or detention.

demurrage
an allowance given to the commander of a trading ship by the merchants, for having detained him longer in port than the time previously appointed for his departure.

demurrage
The compensation due to a ship-owner from a freighter for unduly delaying his vessel in port beyond the time specified in the charter-party or bill of lading. It is in fact an extended freight. A ship unjustly detained, as a prize, is entitled to demurrage. Vessels chartered to convey government stores have a term given for discharge by government aid. If not delivered within that period, demurrage, as stated in the document, is paid per diem for any "unavoidable delay."