Demurrage

What is Demurrage?

Demurrage definition and meaning on Dictionary terms:
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.

 

reference: https://www.dictionary.com/browse/demurrage

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