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Demurrage
A fee levied by the shipping company upon the port or supplier for not loading or unloading the vessel by a specified date agreed upon by contract. It may refer to the fee or the delay itself.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Transportation
- Category: Boats & ships
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
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