Looking for the meaning of the word DEMURRAGE in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of DEMURRAGE with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Demurrage
Speech Type: Noun
Etymology:
mid 17th century (also in the general sense ‘delay’): from Old French demourage, from the verb demourer (see demur)
Audio Pronunciation:
Phonetic Spelling:
dɪˈmʌrɪdʒ
Dialects: British English
Definition:
a charge payable to the owner of a chartered ship on failure to load or discharge the ship within the time agreed.
Short Definition:charge payable to owner of chartered ship on failure
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