demurrage

Demurrage is the cost associated with owning or holding currency over a given period.

Interchange is sometimes equivalent to the practice of demurrage.

However, the actual regime of container demurrage is still to be determined precisely.

Acceptable times for tipping are usually between 3 and 4 hours; time spent on site after that is considered "demurrage".

The ship was waiting monotonously at its pier, using up demurrage charges.

The demurrage sometimes causes a loss to the seller as it increases cost of the total freight.

The main terms of negotiation are freight/hire and demurrage.

Sometimes the number of days during which the vessel may be kept on demurrage at the agreed rate is fixed by the charter-party.

The term demurrage has been extended to use in the hire or rental of assets other than ships.

The demurrage charge is normally an hourly rate.

In complementary currencies' field, demurrage is a cost associated with owning or holding currency.

"You haven't got enough there to cover demurrage."

However, this solution does not address the problem of costs of delay known as demurrage which can be very substantial.

For commodity money such as gold, demurrage is the cost of storing and securing the gold.

Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems.

Due to this uncertainty, rational economic action becomes more difficult under inflation than under demurrage.

The total demurrage, at $1000 per day, was $150,000.

"And of course I need not remind you that the demurrage charges are piling up minute by minute."

We have delayed you a day, and if you will put in a bill for demurrage, I will approve it.

This system worked like a demurrage: People wouldn't hoard their coins, because they lost their value.

The demurrage fees were thought to promote the rapid return of rolling stock, since delays equated to extra money spent.

If laytime is exceeded, the charterer must pay demurrage.

The Islamic system of Zakat is a form of demurrage.

Therefore, the ship owners were only entitled to claim the demurrage of $1000 per day, not their actual damages.

Lift-off, originally scheduled for the twenty-eighth, had been several times postponed, making this the third demurrage day.