🚢demurrage

noun
/dɪˈmʌrɪdʒ/

Meaning

a charge payable to the owner of a ship or vehicle for not loading or unloading on time

Example Sentences

The company had to pay demurrage for delaying the unloading of goods.

Synonyms

delay charge, penalty fee, detention fee

Antonyms

waiver, exemption

Collocations

pay demurrage, incur demurrage, demurrage charges

Related Vocabularies

A person who believes that the pursuit of pleasure is the most important thing in life.
the pointed end of a pen used for writing or drawing
reckless wastefulness or extravagance
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a formal test of knowledge or ability
The process of gathering a ripe crop from the fields or collecting natural resources.

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