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demurrage
[ dih-mur-ij ]
noun
- 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.
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 History and Origins
Origin of demurrage1
Word History and Origins
Origin of demurrage1
Example Sentences
But the chairman smells foul play in the fees that ocean carriers levy on American importers — so-called detention and demurrage charges for containers that sit uncollected or go unreturned, even when truck drivers are denied access to ports; congestion surcharges; and fees for “premium” and even “superpremium” services.
The Ocean Shipping Reform Act of 2022 requires ocean carriers to certify that late fees — known as “demurrage and detention” charges — comply with federal regulations.
After a container sits at the terminal for a certain number of days, shipping companies begin charging end customers a rental fee for using their box, a charge called demurrage in the industry.
Port of Vancouver said it expects vessels to anchor longer while they await delayed cargo, a situation that usually results in shippers paying demurrage for the extra wait.
The White House in a competition executive order issued July this year encouraged the commission to “vigorously enforce the prohibition of unjust and unreasonable practices in the context of detention and demurrage.”
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