demurrage
- n a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
- n detention of a ship or freight car or other cargo beyond its scheduled time of departure
- The country is paying a demurrage charge of $4,000 a day to many of the backed-up ships; total cost in the past six months: $18 million.
- Useless piles of cement still stood high on Rangoon's docks, tying up harbor traffic and running up demurrage charges.
- One reason for the fast turnaround is that the Chiemgauer is designed to encourage spending: there is a 2% demurrage fee for holding onto the bills beyond three months.