Home > Term: Demurrage
Demurrage
The charge paid to the vessel owner or operator for detention of a vessel at the port(s) beyond the time allowed, usually 72 hours, for loading and unloading.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Coal; Natural gas; Petrol
- Company: EIA
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Creator
- Harry8L
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(London, United Kingdom)