„Demurrage“
What does Demurrage stand for?
1. In international transportation, a charge for the failure to remove cargo from a terminal within the allowed free time. Also, a charge for failure to load or unload a ship within the allowed period.
2. (USA) In domestic transportation, a penalty charge against users for use of carriers’ equipment beyond the allowed free time.
Source:
Shipping and LogisticsView all items“Dictionary of International Trade: Handbook of the Global Trade Community” by Edward G. Hinkelman, Publisher: World Trade Press (10th Edition, 2010).
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