demurrage in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
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.
Crossword clues for demurrage
Crossword clue ideas and answer hints for the word "demurrage".
- Fee for delayed shipping container use
- Charge for extra time with freight equipment
- Cost incurred for prolonged cargo handling
- Penalty for holding onto shipping containers too long
- Additional fee for exceeding agreed shipping time
Demurrage sentence examples
- 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.