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DEMURRAGE (from " demur," Fr. demeure...

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Originally appearing in Volume V08, Page 17 of the 1911 Encyclopedia Britannica.
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DEMURRAGE (from " demur," Fr. demeurer, to delay, derived from See also:Lat. See also:mora) , in the See also:law of See also:merchant See also:shipping, the sum payable by the freighter to the shipowner for detention of the See also:vessel in See also:port beyond the number of days allowed for the purpose of loading or unloading (see See also:AFFREIGHTMENT: under See also:Charter-parties). The word is also used in railway law for the See also:charge on detention of trucks; and in banking for the charge per See also:ounce made by the See also:Bank of See also:England in exchanging See also:coin or notes for See also:bullion.

End of Article: DEMURRAGE (from " demur," Fr. demeurer, to delay, derived from Lat. mora)

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