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demurrage::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | charge |
Examples of demurrage
demurrage
If the importer doesn't pay then the goods sit there and incur demurrage.
From the nbr.co.nz
In addition, Elk Valley Coal will incur substantial vessel demurrage costs in 2008 if rail shipments do not increase.
From the foxbusiness.com
Newcastle needs another coal loader to reduce the queue of ships drifting to Wollongong at $50,000 demurrage a day.
From the smh.com.au
If you look at what they call subsidy, it is talking about freight, about demurrage, about lifting, about storage.
From the voanews.com
The cost of the ships waiting off Queensland is in some cases being met by the companies who hired them, a charge known as demurrage.
From the bloomberg.com
Importers save on port costs including demurrage, a term used when the charterer pays the shipowner for extra use of the vessel.
From the bloomberg.com
The company's demurrage expenses, a daily rate paid to ship owners while a vessel waits for cargo, more than doubled to $110 million.
From the bloomberg.com
Paperwork is so fouled up that one shipper collected for demurrage and for cargo, even though he docked with nothing in his hold.
From the time.com
The benefit of lower rail and port costs was partially offset by an increase in vessel demurrage costs due to longer vessel wait times and higher demurrage rates.
From the foxbusiness.com
- A charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
- 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 allowed to load and unload cargo (lay time). ...
- Demurrage is a cost associated with owning or holding currency over a given period of time. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is in practice nothing more than the cost of storing and securing the gold.
- 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
- Money paid to shipowner by charterer, shipper or receiver for failing to complete loading/discharging within time allowed according to charter-party.
- Charge for storage in an airline warehouse or other warehouse, which accrues after a given time for consignments not collected. Also applies to delay caused to an aircraft (eg by a charterer).
- The fee for leaving a container at the terminal beyond the free days given.
- A charge by the carrier (any mode) for excess retention of shipping vessel, container, trailer, etc; caused by untimely unloading
- Charges that are assessed when consignor or consignee fail to load or unload shipments in specified time limits. Also known as detention.
