DEMURRAGE (Lat. demorar, to delay), in Commerce,
an allowance made to the master of a ship for delay or detention in port beyond the time appointed for his departure. This expense is paid by the merchant who causes the detention.
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DEMURRAGE (Lat. demorar, to delay), in Commerce,
an allowance made to the master of a ship for delay or detention in port beyond the time appointed for his departure. This expense is paid by the merchant who causes the detention.