DEMURRAGE


Meaning of DEMURRAGE in English

-ˈmər.]ij, -mə.r], ]ēj also -mə̄r] noun

( -s )

Etymology: demur (I) (to delay) + -age

1.

a. : the detention of a ship by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing — compare lay day

b. : a charge assessed for detaining a freight car, truck, or other vehicle beyond the free time stipulated for loading or unloading

2. : a storage charge on goods in transit not called for within a reasonable or set time ; also : the delay in collecting such goods

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.