ship demurrage

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• demurrage — noun compensation for delay, payment for delay, penalty for delay, remittance for delay Burton s Legal Thesaurus. William C. Burton. 2006 demurrage a sum of da …   Law dictionary

• demurrage — de‧mur‧rage [dɪˈmʌrɪdʒ ǁ ˈmɜː , ˈmʌ ] noun [uncountable] TRANSPORT 1. when a ship is kept by someone who has chartered it for longer than the time agreed or allowed 2. money which someone who has chartered a ship pays to its owner if the ship… …   Financial and business terms

• 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 …   The Collaborative International Dictionary of English

• Demurrage — For the carrying cost of currency, see Demurrage (currency). The term demurrage originated in vessel chartering (notably voyage chartering) and refers to the period when the charterer remains in possession of the vessel after the period normally… …   Wikipedia

• demurrage — 1) Liquidated damages payable under a charterparty (see chartering), at a specified daily rate for any days (demurrage days) required for completing the loading or discharging of cargo after the lay days have expired. 2) Unliquidated damages to… …   Big dictionary of business and management

• demurrage — /damaraj/ In maritime law, the sum which is fixed by the contract of carriage, or which is allowed, as remuneration to the owner of a ship for the detention of his vessel beyond the number of days allowed by the charter party for loading and… …   Black's law dictionary

• demurrage — /damaraj/ In maritime law, the sum which is fixed by the contract of carriage, or which is allowed, as remuneration to the owner of a ship for the detention of his vessel beyond the number of days allowed by the charter party for loading and… …   Black's law dictionary

• Ship transport — Water transport redirects here. For the transportation of water, see Water transportation. Harbour cranes unload cargo from a container ship at the Jawaharlal Nehru Port in Navi Mumbai, India …   Wikipedia

• demurrage — Contracts for rail cars, trucks and marine ships always include a specified time limit that the respective vehicle or ship will take to unload or load. The penalty for delaying beyond the time allowed is also specified in each contract. Upon… …   Petroleum refining glossary

• demurrage lien — The lien of a carrier by rail upon a shipment for unpaid demurrage charges. 13 Am J2d Carriers § 501. The lien of a shipowner upon cargo for demurrage charges unpaid, enforceable in admiralty by an action in rem. 48 Am J1st Ship § 615 …   Ballentine's law dictionary

• demurrage — noun Date: 1641 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 …   New Collegiate Dictionary