In the transportation industry, dead freight is used to describe the
-
A.
cost paid for an empty space left in the ship -
B.
charge for each day a performance was delayed -
C.
persons that hire a ship for a specific purpose -
D.
cost of shipping a particular cargo for a specific voyage
Correct Answer: Option A
Explanation
Dead freight is the amount paid by or recoverable from a charterer of a ship for such part of the ship’s capacity as the charterer has contracted for but fails to occupy also. it is simply payment for the unoccupied space in chartered ship.