Meaning of DEMURRAGE
| Pronunciation: | | di'murij
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 WordNet Dictionary |
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| | Definition: | |
- [n] detention of a ship or freight car or other cargo beyond its scheduled time of departure
- [n] 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 is a 9 letter word that starts with D. |
| | See Also: | | charge, delay, holdup | |
| Webster's 1913 Dictionary |
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| | Definition: | | \De*mur"rage\, n. [Cf. OF. demorage delay. See
{Demur}.] (Law)
(a) The detention of a vessel by the freighter beyond the
time allowed in her charter party for loading, unloading,
or sailing.
(b) The allowance made to the master or owner of the ship for
such delay or detention.
The claim for demurrage ceases as soon as the ship
is cleared out and ready for sailing. --M`Culloch.
Note: The term is also applied to similar delays and
allowances in land carriage, by wagons, railroads, etc.
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