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demurrage

[ dih-mur-ij ]
/ dɪˈmɜr ɪdʒ /
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noun Commerce.
the detention in port of a vessel by the shipowner, as in loading or unloading, beyond the time allowed or agreed upon.
the similar undue detention of a railroad car, truck, etc.
a charge for such undue detention.
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Origin of demurrage

First recorded in 1635–45; demur + -age
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

How to use demurrage in a sentence

British Dictionary definitions for demurrage

demurrage
/ (dɪˈmʌrɪdʒ) /

noun
the delaying of a ship, railway wagon, etc, caused by the charterer's failure to load, unload, etc, before the time of scheduled departure
the extra charge required as compensation for such delay
a fee charged by the Bank of England for changing bullion into notes

Word Origin for demurrage

C17: from Old French demorage, demourage; see demur
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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