Slots paid for but not used.
Freight rate that is paid on empty space in the vessel when the charterer is responsible for the freight rate of a full cargo. It should be paid before sailing.
This word was originally used in defining certain conditions in ocean freight. The term, however, has been carried over into rail car and truck freight lingo. Originally, it meant freight that was paid to guarantee certain storage space in a vessel but was not all used by the shipper. Inasmuch as the shipper had guaranteed to use the space but had not used it, he must pay for it anyway. In carload and truckload shipments dead freight refers to the difference between the actual weight shipped and the lowest minimum weight chargeable to obtain the lowest freight cost.
Freight paid for space booked but not used. Dispatch Money: Payment, by way of a bonus, to the chartered for loading or discharging a vessel in less time than is stipulated in the charter party. Draught: Depth of water. Dunn age: Material used by the ship in the stowage of cargo for packing, separation of cargo, or in other ways to prevent damage to cargo whilst on the voyage.
Freight charges paid by the charterer of a vessel for the contracted space which is left partially unoccupied.
Freight charges paid for the contracted space in a ship that is not used.