Home >  Term: demurrage
demurrage

The charge that a shipper may be required to pay for detaining a rail car (or water carrier) longer than necessary to load it. What length of time is considered reasonable, and the level of demurrage charges, are frequently points of dispute between agricultural shippers and the railroads, particularly in proceedings before federal or state transportation regulatory bodies.

0 0

Penulis

  • AjayOwor
  •  (Gold) 1463 poin
  • 100% positive feedback
© 2024 CSOFT International, Ltd.