Meaning of the word demurrage in English
What does demurrage mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
demurrage
US /dɪˈmɝː.ɪdʒ/
UK /dɪˈmɝː.ɪdʒ/
Noun
1.
a charge payable to the owner of a chartered ship on failure to load or discharge the ship within the agreed time
Example:
•
The shipping company levied a demurrage charge due to the delay in unloading the cargo.
•
The contract specified the daily demurrage rate.
2.
a similar charge payable for the detention of a railway wagon or other freight vehicle or container
Example:
•
The railway company imposed demurrage on the customer for holding the freight car too long.
•
Container demurrage can quickly add up if not managed efficiently.
Learn This Word at Lingoland