demurrage – מילון אנגלי-אנגלי
demurrage
n.
delay; payment for delay
Demurrage
The term "
demurrage" originated in
vessel chartering and referred to the period when the charterer remained in possession of the vessel after the period normally allowed to load and unload cargo (
laytime). By extension, demurrage refers to the charges that the charterer pays to the shipowner for its extra use of the vessel. Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charter party). The demurrage sometimes causes a loss to the seller as it increases cost of the total freight.
demurrage
Noun
1. a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
(hypernym) charge
2. detention of a ship or freight car or other cargo beyond its scheduled time of departure
(hypernym) delay, holdup
Demurrage
(n.)
The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing.
(n.)
The allowance made to the master or owner of the ship for such delay or detention.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
Demurrage
excess time taken for loading or unloading a vessel/container thus causing delay of scheduled departure. Shipper pays compensation.
