Demurrage

Word DEMURRAGE
Character 9
Hyphenation de mur rage
Pronunciations N/A

Definitions and meanings of "Demurrage"

What do we mean by demurrage?

Detention of a ship, freight car, or other cargo conveyance during loading or unloading beyond the scheduled time of departure. noun

Compensation paid for such detention. noun

In maritime law: noun

Any detention of a vessel by the freighter in loading or unloading beyond the time originally stipulated. When a vessel is thus detained she is said to be on demurrage. noun

The compensation which the freighter has to pay for such delay or detention. noun

Detention of railway-wagons, etc. noun

A charge of 1½d. per ounce, made by the Bank of England in exchanging notes or coin for bullion. noun

The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing. noun

The allowance made to the master or owner of the ship for such delay or detention. noun

The detention of a ship or other freight vehicle, during delayed loading or unloading noun

Compensation paid for such detention noun

A charge made for exchanging currency for bullion 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 noun

(shipping) the detention of a ship or other freight vehicle, during delayed loading or unloading

Compensation paid for such detention

A charge made for exchanging currency for bullion

Synonyms and Antonyms for Demurrage

The word "demurrage" in example sentences

To discourage people from hoarding it, they should impose a fee (called demurrage), which had the same effect as negative interest. ❋ Unknown (2009)

In addition to all this, the company providing its carriages or waggons is entitled to "demurrage" for every day beyond a certain time that these are detained by the companies to which they do not belong. ❋ Unknown (1859)

There are a number of such regional currency schemes in place, quite many of them being based on ideas of the Austrian Silvio Gesell; a key one being that of "demurrage:" holding on to money rather than getting it back into circulation fast is punished in some form. ❋ Unknown (2010)

The idea of the Wörgl was that it was money that went off, it lost value over time, a process known as 'demurrage'. ❋ Unknown (2009)

He explained further that after being refined in Spain, the refined products are then taken by marketers and imported into the country and demurrage which is the cost incurred by reason of transaction delays in the ports of a country, are normally charged by the importer for the duration in excess of the number of days agreed for evacuating the product. ❋ Unknown (2009)

"round voyage," as was the of the case with the LADY ARBELLA, though it is to be hoped there was no "demurrage" clause, exacting damage, as is usual, for each day of detention beyond the "lay days" allowed, for the long and unexpected tarries in Cape Cod and Plymouth harbors must have rolled up an appalling "demurrage" claim. ❋ Azel Ames (1876)

"We've decided to charge the demurrage and other expenses and loss to Tui Tulifau," Grief said. ❋ Unknown (2010)

With Vietnamese authorities insisting on outright rejection and fresh shipments, traders said they have already incurred large demurrage costs and plan to sell the cargoes to Indonesia as the corn is still in good condition and complies with international norms. ❋ Sameer Mohindru (2011)

His color is really incredible and his tail seems to take possession of our demurrage. ❋ Unknown (2009)

To my knowledge, the administration hasn't offered to pay demurrage while the White House and its special commission learn how to regulate an industry likely already saddled with more regulations than any other in the world. ❋ Unknown (2010)

This would include damages to fisheries, demurrage, business interruption, damage to the oil & gas resource, whatever you might imagine. ❋ Unknown (2010)

Poor weather has caused transit delays as well; during the past winter, delays reportedly reached as much as 20 days for oil tankers waiting to transit the Straits, costing about $50,000 in demurrage charges per day. ❋ Unknown (2008)

I would have paid that but they said no because they don't know when you will contact them and in case of demurrage. ❋ James F. McGrath (2008)

And still the harbour is littered with tankers incurring demurrage. ❋ Unknown (2008)

“Not to go over, after all the trouble and expense I have incurred — after all the risk of discovery, and the expense of freight and demurrage!” ❋ Unknown (2008)

His vocal arrangements blared after me a few threats of coming down on the ship for the demurrage of the lighters, and all the other expenses consequent upon the delays arising from my frivolity. ❋ Unknown (2004)

Compiles reports such as dockage, demurrage, wharfage, and storage, to ensure that shipping companies are assessed specified harbor fees. ❋ Linda Gale (1998)

Payment of demurrage must be taken into account by country offices in the development of their port warehouse dispatch plans. ❋ Unknown (1998)

Cross Reference for Demurrage

  • Demurrage cross reference not found!

What does demurrage mean?

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