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demurrage

[dih-mur-ij] /dɪˈmɜr ɪdʒ/
noun, Commerce
1.
the detention in port of a vessel by the shipowner, as in loading or unloading, beyond the time allowed or agreed upon.
2.
the similar undue detention of a railroad car, truck, etc.
3.
a charge for such undue detention.
Origin
1635-1645
1635-45; demur + -age
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for demurrage
  • demurrage cases are rare because carriers and shippers are typically able to work out these matters.
  • But demurrage is a charge imposed for the undue detention of rail cars.
  • Offers shall also specify the demurrage and despatch rates at discharge.
  • It is also a penalty charge in some ocean shipping contracts of carriage that take effect after the demurrage time ends.
  • Government will pay the contractor the hourly demurrage rate from the time the equipment departs until it returns.
British Dictionary definitions for demurrage

demurrage

/dɪˈmʌrɪdʒ/
noun
1.
the delaying of a ship, railway wagon, etc, caused by the charterer's failure to load, unload, etc, before the time of scheduled departure
2.
the extra charge required as compensation for such delay
3.
a fee charged by the Bank of England for changing bullion into notes
Word Origin
C17: from Old French demorage, demourage; see demur
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for demurrage
n.

1640s, from Old French demorage, from demorer (see demur).

Online Etymology Dictionary, © 2010 Douglas Harper
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