demurrage

noun
de·​mur·​rage | \ di-ˈmər-ij How to pronounce demurrage (audio) , -ˈmə-rij \

Definition of demurrage

1 : the detention of a ship by the freighter beyond the time allowed for loading, unloading, or sailing
2 : a charge for detaining a ship, freight car, or truck

Examples of demurrage in a Sentence

Recent Examples on the Web Now, the arcane matter of detention and demurrage has made its way into corporate earnings reports. John Francis Peters, ProPublica, 16 June 2022 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. Sam Dean, Los Angeles Times, 26 Nov. 2021 However, the current focus is demurrage levies/fines. Lora Cecere, Forbes, 2 Nov. 2021 The waiting costs money as well as time: Ocean carriers start to charge detention fees on containers out too long being delivered; demurrage fees apply to containers sitting at the port too long and typically increase over time. Lettie Teague, WSJ, 22 Oct. 2021 Detention and demurrage often lead to quick cost-saving wins. Denis King, Forbes, 10 Mar. 2021 And disruption at Chinese ports has pushed several oil carriers into demurrage, which is when the trading company that chartered the vessel fails to unload it in time and pays a charge to the shipowner, said Vitol’s Mr. Serio. Benoit Faucon, WSJ, 4 Mar. 2020 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'demurrage.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of demurrage

1641, in the meaning defined at sense 1

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Time Traveler for demurrage

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The first known use of demurrage was in 1641

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Dictionary Entries Near demurrage

demurity

demurrage

demurral

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Statistics for demurrage

Last Updated

25 Jun 2022

Cite this Entry

“Demurrage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/demurrage. Accessed 10 Aug. 2022.

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