demurrage

de·mur·rage

D0127700 (dĭ-mûr′ĭj, -mŭr′-)n.1. Detention of a ship, freight car, or other cargo conveyance during loading or unloading beyond the scheduled time of departure.2. Compensation paid for such detention.

demurrage

(dɪˈmʌrɪdʒ) n1. (Nautical Terms) the delaying of a ship, railway wagon, etc, caused by the charterer's failure to load, unload, etc, before the time of scheduled departure2. (Railways) the delaying of a ship, railway wagon, etc, caused by the charterer's failure to load, unload, etc, before the time of scheduled departure3. (Commerce) the extra charge required as compensation for such delay4. (Banking & Finance) a fee charged by the Bank of England for changing bullion into notes[C17: from Old French demorage, demourage; see demur]

de•mur•rage

(dɪˈmɜr ɪdʒ)

n. 1. the detention, as of a ship, beyond the scheduled departure time. 2. a charge for this. [1635–45]

demurrage

1. the delay of a ship at mooring beyond the time stipulated for unloading or other purposes.
2. the charge levied for such delay.See also: Ships

the charge levied for the delay of a ship at mooring beyond the time stipulated for unloading or other purposes.See also: Dues and Payment

Thesaurus

Noun	1.	demurrage - a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departurecharge - the price charged for some article or service; "the admission charge"
	2.	demurrage - detention of a ship or freight car or other cargo beyond its scheduled time of departuredelay, holdup - the act of delaying; inactivity resulting in something being put off until a later time

Translations

stariesurestariecontrostallie {Naut.}ritardosoprastallie {Naut.}

demurrage

enUK

Demurrage

A separate freight charge, in addition to ordinary shipping costs, which is imposed according to the terms of a carriage contract upon the person responsible for unreasonable delays in loading or unloading cargo. In maritime law, demurrage is the amount identified in a charter contract as damages payable to a shipowner as compensation for the detention of a ship beyond the time specified by a charter party for loading and unloading or for sailing.

Demurrage is intended to serve the public interest by facilitating the flow of commerce through the prompt loading and unloading of cargo. In general, the person liable for demurrage is the one who assumed the duty to unload or load the cargo but failed to fulfill it. A consignee who agrees to unload a shipment but unreasonably delays in doing so is liable for the charge.

Payment of demurrage is excused only if the delay was unavoidable, such as a delay caused by a natural disaster or the fault of the carrier. Reciprocal demurrage may be imposed upon a carrier who unreasonably delays in providing transportation to customers. The practical effect of reciprocal demurrage is a reduction in the customer's shipping charges unless the contractual amount exceeds that figure. If a person against whom demurrage is imposed fails to pay, the carrier might have a right to keep the goods until payment is made. This is known as demurrage lien, enforceable only if authorized by statute, contract, or custom.

Cross-references

Shipping Law.

demurrage

a sum of damages agreed in the contract of charterparty in the event of the charterer delaying, to be paid to the shipowner.

DEMURRAGE, mar. law. The freighter of a ship is bound not to detain it, beyond the stipulated or usual time, to load, or to deliver the cargo, or to sail. The extra days beyond the lay days (being the days allowed to load and unload the cargo), are called the days of demurrage; and that term is likewise applied to the payment for such delay, and it may become due, either by the ship's detention, for the purpose of loading or unloading the cargo, either before, or during, or after the voyage, or in waiting for convoy. 3 Kent, Com. 159; 2 Marsh, 721; Abbott on Ship. 192 5 Com. Dig. 94, n., 505; 4 Taunt. 54, 55; 3 Chit. Com. Law, 426; Harr. Dig. Ship and Shipping, VII.

demurrage

de·mur·rage

demurrage

de•mur•rage

demurrage

demurrage

demurrage

demurrage

Demurrage

Cross-references

demurrage

demurrage

Words related to demurrage

noun a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure

Related Words

noun detention of a ship or freight car or other cargo beyond its scheduled time of departure

Related Words