demurrage in a sentence
n.
Definition
Demurrage is a fee charged to a shipper or consignee for the prolonged use of shipping containers or equipment beyond the agreed-upon time.
Sample Sentences
- The shipping company charged demurrage fees due to the delayed unloading of containers at the port.
- In the logistics industry, understanding demurrage can help businesses manage costs more effectively.
- After the truck broke down, the customer was faced with unexpected demurrage charges while waiting for a replacement vehicle.
- They negotiated with the terminal operator to waive the demurrage fees, citing unforeseen circumstances.
- Accurate tracking of cargo is essential to minimize the risk of incurring demurrage expenses.