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demurrage

Syllabification: (de·mur·rage)
Pronunciation: /diˈmərij, -ˈmə-rij/
Definition of demurrage

noun

Law
  • a charge payable to the owner of a chartered ship in respect of failure to load or discharge the ship within the time agreed.

Origin:

mid 17th century (also in the general sense 'procrastination, delay'): from Old French demourage, from the verb demourer (see demur)

demurrage in other Oxford dictionaries

Definition of demurrage in the British & World English dictionary

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