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Meaning of DEMURRAGE

Pronunciation:  di'murij

 
WordNet Dictionary
 
 Definition: 
  1. [n]  detention of a ship or freight car or other cargo beyond its scheduled time of departure
  2. [n]  a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
 

DEMURRAGE is a 9 letter word that starts with D.

 

 See Also: charge, delay, holdup

 

 

Webster's 1913 Dictionary
 
 Definition: 
\De*mur"rage\, n. [Cf. OF. demorage delay. See
{Demur}.] (Law)
(a) The detention of a vessel by the freighter beyond the
    time allowed in her charter party for loading, unloading,
    or sailing.
(b) The allowance made to the master or owner of the ship for
    such delay or detention.

          The claim for demurrage ceases as soon as the ship
          is cleared out and ready for sailing. --M`Culloch.

Note: The term is also applied to similar delays and
      allowances in land carriage, by wagons, railroads, etc.

 

 

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