In the transportation industry, dead freight is used to describe the

Commerce

JAMB 2016

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

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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.

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In the transportation industry, dead freight is used to describe the

Correct Answer: Option A

Explanation

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