'Demurrage' definitions:
Definition of 'demurrage'
From: WordNet
noun
A charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
noun
Detention of a ship or freight car or other cargo beyond its scheduled time of departure
Definition of 'Demurrage'
From: GCIDE
- Demurrage \De*mur"rage\, n. [Cf. OF. demorage delay. See Demur.] (Law) (a) The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing. (b) The allowance made to the master or owner of the ship for such delay or detention. [1913 Webster]
- The claim for demurrage ceases as soon as the ship is cleared out and ready for sailing. --M`Culloch. [1913 Webster]
- Note: The term is also applied to similar delays and allowances in land carriage, by wagons, railroads, etc. [1913 Webster]