§1333.1. Demurrage defined.
49 C.F.R. § 1333.1
Demurrage is a charge that both compensates rail carriers for the expenses incurred when rail cars are detained beyond a specified period of time (i.e., free time) for loading or unloading, and serves as a penalty for undue car detention to encourage the efficient use of rail cars in the rail network.
Notes, amendments, and revision history
Authority
Authority: 49 U.S.C. 1321, 10702, and 10746.
Source
Source: 79 FR 21412, Apr. 16, 2014, unless otherwise noted.