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demurrage
noun
de·mur·rage di-ˈmər-ij 
-ˈmə-rij
Example Sentences
Recent Examples on the Web The company had already incurred more than $300,000 in detention and demurrage fees on 67 containers since the start of September. 
John Francis Peters, ProPublica, 16 June 2022 Now, the arcane matter of detention and demurrage has made its way into corporate earnings reports. John Francis Peters, ProPublica, 16 June 2022 After a container sits at the terminal for a certain number of days, shipping companies begin charging end customers a rental fee for using their box, a charge called demurrage in the industry. Sam Dean, Los Angeles Times, 26 Nov. 2021 However, the current focus is demurrage levies/fines. Lora Cecere, Forbes, 2 Nov. 2021 The waiting costs money as well as time: Ocean carriers start to charge detention fees on containers out too long being delivered; demurrage fees apply to containers sitting at the port too long and typically increase over time. Lettie Teague, WSJ, 22 Oct. 2021 Detention and demurrage often lead to quick cost-saving wins. Denis King, Forbes, 10 Mar. 2021 And disruption at Chinese ports has pushed several oil carriers into demurrage, which is when the trading company that chartered the vessel fails to unload it in time and pays a charge to the shipowner, said Vitol’s Mr. Serio. Benoit Faucon, WSJ, 4 Mar. 2020 See More
John Francis Peters, ProPublica, 16 June 2022 Now, the arcane matter of detention and demurrage has made its way into corporate earnings reports. John Francis Peters, ProPublica, 16 June 2022 After a container sits at the terminal for a certain number of days, shipping companies begin charging end customers a rental fee for using their box, a charge called demurrage in the industry. Sam Dean, Los Angeles Times, 26 Nov. 2021 However, the current focus is demurrage levies/fines. Lora Cecere, Forbes, 2 Nov. 2021 The waiting costs money as well as time: Ocean carriers start to charge detention fees on containers out too long being delivered; demurrage fees apply to containers sitting at the port too long and typically increase over time. Lettie Teague, WSJ, 22 Oct. 2021 Detention and demurrage often lead to quick cost-saving wins. Denis King, Forbes, 10 Mar. 2021 And disruption at Chinese ports has pushed several oil carriers into demurrage, which is when the trading company that chartered the vessel fails to unload it in time and pays a charge to the shipowner, said Vitol’s Mr. Serio. Benoit Faucon, WSJ, 4 Mar. 2020 See More Word History
First Known Use
1641, in the meaning defined at sense 1
Time Traveler
The first known use of demurrage was in 1641 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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