Deadfreight

Dead freight/ deadfreight is an amount a shipper needs to pay, when the shipper does not utilize the space he or she has reserved on a truck or a vessel. Late amendments or cancellations may result in dead freight fees, or late cancellation fees.

Each carrier or transport company reserves the right to determine what amount they charge. For road transport, this is usually a certain percentage of the quoted rate, in ocean freight the charge is usually several hundred Dollars.

Stevedoring

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