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demurrage

From Longman Business Dictionarydemurragede‧mur‧rage /dɪˈmʌrɪdʒ-ˈmɜː-, -ˈmʌ-/ noun [uncountable]TRANSPORT1when a ship is kept by someone who has CHARTERED it for longer than the time agreed or allowed2money which someone who has CHARTERED a ship pays to its owner if the ship does not sail at the agreed time
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