Definition of "Demurrage"

Stacey  Perryman
Stacey Perryman Coldwell Banker Residential Real Estate

Compensation payable to the owner of a ship detained for reasons beyond his or her control who incurs a loss of earnings because of the delay. Detainment can be caused by a delay in the loading or unloading of the ship.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ