demurrage

[ dih-mur-ij ]
/ dɪˈmɜr ɪdʒ /

noun Commerce.

the detention in port of a vessel by the shipowner, as in loading or unloading, beyond the time allowed or agreed upon.
the similar undue detention of a railroad car, truck, etc.
a charge for such undue detention.

Origin of demurrage

First recorded in 1635–45; demur + -age

Words nearby demurrage

Example sentences from the Web for demurrage

British Dictionary definitions for demurrage

demurrage
/ (dɪˈmʌrɪdʒ) /

noun

the delaying of a ship, railway wagon, etc, caused by the charterer's failure to load, unload, etc, before the time of scheduled departure
the extra charge required as compensation for such delay
a fee charged by the Bank of England for changing bullion into notes

Word Origin for demurrage

C17: from Old French demorage, demourage; see demur