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Demurrage
01
detention of a ship or freight car or other cargo beyond its scheduled time of departure
02
a charge levied on the detention of a vessel, container, or cargo beyond the allotted time for loading or unloading at a port
Example
The port authority implemented demurrage penalties to incentivize prompt loading and unloading of vessels.
The shipping company incurred demurrage fees due to delays in unloading the cargo from the vessel.
To avoid demurrage costs, the logistics manager ensured efficient coordination between the warehouse and transportation teams.
Example
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