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TeachMeFinance.com - explain Demurrage Demurrage -- 1. In international transportation, a charge for the failure to remove cargo from a terminal within the allowed free time. Also, a charge for failure to load or unload a ship within the allowed period. 2. (USA) In domestic transportation, a penalty charge against users for use of carriers' equipment beyond the allowed free time. historic definition... Demurrage -- When railroad cars or vessels are detained beyond the stipulated time allowed for loading or discharging freight a charge for this loss of time is made which is called demurrage. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.