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demurrage

(n): a charge required as compensation for the delay of a ship or freight car or other cargo beyond its scheduled time of departure
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21 days ago chained_bear said:

"... is an allowance made to the master of a ship by the merchants, for having detained him longer in port than the time previously appointed and agreed for his departure. The rate of this allowance is generally settled in the charter-party. It is now firmly established, that the claim of demurrage ceases as soon as the ship is cleared out, and ready for sailing. Jameson v. Lawrie, House of Lords, Nov. 10, 1796."
Falconer's New Universal Dictionary of the Marine (1816), 120

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palooka (8544 words)
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