Noun
The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing.
The allowance made to the master or owner of the ship for such delay or detention.
Source: Webster's dictionaryA Licensed customs agent confirmed paying 80 percent demurrage on goods that were not cleared during the COVID-19 lockdown. Source: Internet
That is not to speak of the demurrage that we have to pay to ship owners for keeping their vessels longer than expected. Source: Internet
However, the figure of N400 million excludes the cost of transporting the rice from the ports to the ware houses of the agency and further revealed that about half of the goods are still at the ports accumulating more demurrage. Source: Internet
In the case of these tankers, they are sustaining heavy demurrage charges every day they stay at sea without offloading. Source: Internet
He said that the company was negotiating on demurrage charges “which is so huge”. Source: Internet
The regulator also warned that the suspension of demurrage charges is not an excuse to delay or abandon cargo at the ports, adding that erring shippers will be sanctioned in addition to having to pay the demurrage due on their cargoes. Source: Internet