Definition of Demurrage. Meaning of Demurrage. Synonyms of Demurrage

Here you will find one or more explanations in English for the word Demurrage. Also in the bottom left of the page several parts of wikipedia pages related to the word Demurrage and, of course, Demurrage synonyms and on the right images related to the word Demurrage.

Definition of Demurrage

Demurrage
Demurrage De*mur"rage, n. [Cf. OF. demorage delay. See Demur.] (Law) (a) The detention of a vessel by the freighter beyond the time allowed in her charter party for loading, unloading, or sailing. (b) The allowance made to the master or owner of the ship for such delay or detention. The claim for demurrage ceases as soon as the ship is cleared out and ready for sailing. --M`Culloch. Note: The term is also applied to similar delays and allowances in land carriage, by wagons, railroads, etc.

Meaning of Demurrage from wikipedia

- "Demurrage" /dɪˈmʌrɪdʒ/ in vessel chartering is the amount of liquidated damages owed by a charterer to a shipowner when the charterer remained in possession...
- Demurrage currency, also known as depreciating money: 7  or stamp scrip in its paper money form, is a type of money that is designed to gradually lose...
- securities. Demurrage currency is a type of money that is designed to gradually depreciate in value at a flat constant rate. A demurrage monetary system...
- basic income The etymology for demurrage currency comes from the concept of demurrage. In the shipping industry, "demurrage" refers to a charge that is ****essed...
- World currency The etymology for demurrage currency comes from the concept of demurrage. In the shipping industry, "demurrage" refers to a charge that is ****essed...
- and unloading the cargo. If laytime is exceeded, the charterer must pay demurrage. If laytime is saved, the charter party may require the shipowner to pay...
- that only takes effect from a ****ure date. demurrage lien—a carrier's lien on goods for any unpaid demurrage charges. dragnet lien (United States)—a lien...
- positive return, or carry, on issued notes and coins (money in circulation). Demurrage, the opposite, is the cost of holding currency. An example of an exchange...
- charter-parties. Other terms are relevant here: demurrage, dead freight, and cesser, which are described below. Demurrage is a fixed sum per day or per hour that...
- tend to purchase,: 4  so if demurrage currency eliminates interest rates, then prices are less likely to increase. Demurrage would also naturally cause...