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Noun: demurrage  di'mur-ij or di'mú-rij
  1. Detention of a ship or freight car or other cargo beyond its scheduled time of departure
    "The company had to pay demurrage charges for keeping the containers at the port longer than agreed"
     
  2. A charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
    "The company incurred demurrage charges due to port congestion"

Derived forms: demurrages

Type of: charge, delay, holdup

Encyclopedia: Demurrage