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demurrage

noun

Definitions of demurrage

an amount of money payable by a person who charters (=rents) a ship, truck, etc. when it remains in the charterer's possession beyond the agreed transportation time

The arrival of the goods in port triggered demurrage charges.

the period in which a chartered ship or truck remains in the charterer's possession beyond the agreed transportation time

The ship owner was assured that the demurrage would only be 5 days.