dead freight
Noun
Meaning
dead freight (uncountable)
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
dead freight (uncountable)
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.