In this context, any charge made in respect of delays in loading or unloading of goods, or goods held in storage beyond the agreed time limits.
May also be referred to as detention charges
All ports, terminals and other logistical facilities depend for their efficient operation on goods being unloaded and then collected in a timely manner.
Demurrage charges act as a strong incentive to comply with agreed schedules. Conversely when delays give rise to demurrage charges, there can be disputes as to who is responsible for paying them.