dead freight
noun1
A sum of money paid by a person who charters a whole vessel but fails to make out a full cargo. The payment is made for the unoccupied capacity.
noun
A sum of money paid by a person who charters a whole vessel but fails to make out a full cargo. The payment is made for the unoccupied capacity.
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.
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