Definition of Demurrage. Meaning of Demurrage. Synonyms of Demurrage

Here you will find one or more explanations in English for the word Demurrage. Also in the bottom left of the page several parts of wikipedia pages related to the word Demurrage and, of course, Demurrage synonyms and on the right images related to the word Demurrage.

Definition of Demurrage

Demurrage
Demurrage De*mur"rage, n. [Cf. OF. demorage delay. See Demur.] (Law) (a) The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing. (b) The allowance made to the master or owner of the ship for such delay or detention. The claim for demurrage ceases as soon as the ship is cleared out and ready for sailing. --M`Culloch. Note: The term is also applied to similar delays and allowances in land carriage, by wagons, railroads, etc.

Meaning of Demurrage from wikipedia

- "Demurrage" /dɪˈmʌrɪdʒ/ in vessel chartering is the period when the charterer remained in possession of the vessel after the period normally allowed to...
- Demurrage is the cost ****ociated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity...
- euro and favors local small businesses, stimulating transactions through demurrage. Express-Money: Example for a complementary currency on a national level...
- positive return, or carry, on issued notes and coins (money in circulation). Demurrage, the opposite, is the cost of holding currency. An example of an exchange...
- ensure that the money is returned into the cash flow – for example, by demurragerequiring stamps to be purchased and periodically attached to the money...
- and unloading the cargo. If laytime is exceeded, the charterer must pay demurrage. If laytime is saved, the charter party may require the shipowner to pay...
- ****essment of hazardous and awkward materials, carrier choice and fees, demurrage, do****entation, expediting, freight consolidation, insurance, reconsignment...
- charter-parties. Other terms are relevant here: demurrage, dead freight, and cesser, which are described below. Demurrage is a fixed sum per day or per hour that...
- chronological order and is used for the calculation of the lay time and demurrage. The Statement of Facts may aid in the resolution of conflicts by providing...
- used in a price system as a durable, easily warehoused store of value (demurrage). The use of barter-like methods using commodity money may date back to...