After goods reach a port, they are required to be cleared within a stipulated time. Sometimes, the goods are not cleared within the specified period of time because of one or the other reason. The detention of ship or other cargo-carrier for loading or unloading, beyond the scheduled time of departure is termed as ‘Demurrage’. A charge made on the goods by Railway or Transport Companies or shippers etc. for retaining goods beyond a specified time is called Demurrage.
