Difference between revisions of "Demurrage"
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| − | A '''demurrage''' is a penalty charge against shippers or consignees for delaying the carrier's equipment beyond the allowed free time. The free time and demurrage charges are set forth in the [[Charter Party]] or freight tariff.<ref> | + | A '''demurrage''' is a penalty charge against shippers or consignees for delaying the carrier's equipment beyond the allowed free time. The free time and demurrage charges are set forth in the [[Charter Party]] or freight tariff.<ref>[http://www.marad.dot.gov/publications/glossary/glossary.html U.S. Department of Transportation Maritime Administration]</ref> |
==See also== | ==See also== | ||
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<references/> | <references/> | ||
| − | [[ | + | [[Category:Dictionary]] |
[[Category:Business]] | [[Category:Business]] | ||
Latest revision as of 11:35, July 13, 2016
A demurrage is a penalty charge against shippers or consignees for delaying the carrier's equipment beyond the allowed free time. The free time and demurrage charges are set forth in the Charter Party or freight tariff.[1]