demurrage


Also found in: Dictionary, Legal, Acronyms, Encyclopedia, Wikipedia.
Graphic Thesaurus  🔍
Display ON
Animation ON
Legend
Synonym
Antonym
Related
  • noun

Words related to demurrage

a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure

Related Words

detention of a ship or freight car or other cargo beyond its scheduled time of departure

Related Words

References in periodicals archive ?
In the immediate term, it could have avoided demurrage by placing cargo that was already backlogged on the truck waiting to be moved.
It is vital that companies put adequate controls into place to ensure, as far as possible, that third-party agents avoid paying bribes within the port, even if this results in increased demurrage costs.
The move has irked some in the finance ministry, an official said, noting that the ministry had opposed the proposal to write off the demurrage charges.
She successfully reduced the Houston facility's rail demurrage by 80 percent and generated revenue by optimizing rail storage capabilities.
In an effort to add value to customers operations in 2001 the company opened a demurrage department, handling claims for vessel owners, charterers and receivers alike which has been most successful with our principals.
It costs me $45,000 a day for the ship and the demurrage," said the importer, using the term for fees which have to be paid to a ship's owner when it is delayed unloading.
During such period, the carrier will be also incurring extra charges such as port storage, demurrage, reefer plugin and so on.
Gary Bristow, a total preventative maintenance specialist who has worked for Goodyear Dunlop for 25 years, created a significant amount of new floor space within the firm's Wolverhampton factory, saving pounds 100,000 every month in warehousing and demurrage costs.
Iraq did not off load the wheat and ship remained anchored in ship yard for 58 days and government of Pakistan had to pay demurrage for 37 days, committee was further told.
This reduces lead times and eliminates quay rent and demurrage costs.
He demanded the government to take immediate steps to resolve the issue and give a 7 day free period for the businessmen for demurrage and detentions charges to cope up their losses.
Gulf News has learned that the demurrage charges have now risen to $34,163 (Dh125,480) as of June 15 this year.
Each unspent uned in the user's account would attract demurrage for each month stored, giving the user a strong incentive either to spend the currency as fast as possible or convert surpluses into non - depreciating assets.
This relative nearness reduces container drayage expenses and the 40 electric container outlets (situated in the facility's 80,000-square-foot truck yard and bonded container freight station) combine to eliminate costly demurrage charges.
Sounds simple enough, but if you've ever paid demurrage fees to suppliers for not getting their vehicles unloaded and gone, you know that there is quicksand on the path through the meadow, and you can drown in it if you don't know what you're doing.