Search
Select the dictionary language
detention of a ship or freight car or other cargo beyond its scheduled time of departure
a charge levied on the detention of a vessel, container, or cargo beyond the allotted time for loading or unloading at a port
What is "demurrage"?
Demurrage is a fee charged for the delayed use of equipment, such as a shipping container, or for holding goods beyond a specified time. It is commonly used in transportation and logistics when a shipment or vehicle is kept longer than agreed upon, often due to delays in unloading or other reasons. The purpose of demurrage is to encourage prompt return of equipment and ensure that goods move through the supply chain efficiently. This fee helps compensate for the extra time and costs involved in the delay.
Lexical Tree
