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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

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