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demurrage

NOUN
  1. a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
  2. detention of a ship or freight car or other cargo beyond its scheduled time of departure

How To Use demurrage In A Sentence

  • The author also proposes a new concept: demurrage equality.
  • Particular attention is drawn to the terms and conditions therein relating to container and vehicle demurrage.
  • To discourage people from hoarding it, they should impose a fee (called demurrage), which had the same effect as negative interest. P2P Foundation
  • These agreements stipulated that the ships would be inspected by government officials, that they would sail in convoy and that demurrage would be paid in the event of delay.
  • With Vietnamese authorities insisting on outright rejection and fresh shipments, traders said they have already incurred large demurrage costs and plan to sell the cargoes to Indonesia as the corn is still in good condition and complies with international norms. Vietnam Says Indian Corn No Good, Blames Pest
  • We've decided to charge the demurrage and other expenses and loss to Tui Tulifau," Grief said. THE FEATHERS OF THE SUN
  • But what if the limpidly tutor to be a despotic maravilla blunderer, atonicity vet, calabura thunderer prisonbreak, increasing demurrage, hectogram crazy, and all tightly rijstaffel amnesiac of a guy? Rational Review
  • The shipowner could earn more at less risk by making sure there were demurrage clauses in the charter party.
  • round voyage," as was the of the case with the LADY ARBELLA, though it is to be hoped there was no "demurrage" clause, exacting damage, as is usual, for each day of detention beyond the "lay days" allowed, for the long and unexpected tarries in Cape Cod and Plymouth harbors must have rolled up an appalling "demurrage" claim. The Mayflower and Her Log; July 15, 1620-May 6, 1621 — Complete
  • The idea of the Wörgl was that it was money that went off, it lost value over time, a process known as 'demurrage'. Transition Culture
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