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dead freight

noun, Commerce
1.
an amount owed by a contractor who charters space in a ship but fails to occupy it fully.
2.
the unoccupied space of such a ship.
3.
heavy or unwieldy nonperishable freight.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for dead freight
  • dead freight means freight charges paid by the charterer of vessel for the contracted space, which is left partially unoccupied.

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