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Definitions from the Web

Demurrage

Definition:

Demurrage refers to the charges imposed for delaying the return of rented equipment, such as containers, vehicles, or machinery, beyond the agreed-upon time limit.

Senses:

1. Noun: The penalty or fee incurred for the late return of rented equipment.
2. Verb: To charge or impose a penalty for the delay in returning rented equipment.

Usage:

Sense 1 (Noun):

• The demurrage charge for the late return of the rented container was higher than expected.
• Failure to return the rented truck on time resulted in demurrage fees.

Sense 2 (Verb):

• The rental company will demurrage the customer for each additional day of delay in returning the equipment.
• If you don't return the machinery within the agreed period, they will demurrage you.

Possible Related Products:

Check out these related products on Amazon:

• Demurrage Fee Books
• Renting Equipment Guides
• Equipment Containers