The charge paid to a ship owner for the unused part of a ship is known as
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Correct Answer: Option B
Explanation:
Dead freight is the charge paid to a ship owner when a shipper fails to provide the quantity of cargo agreed upon, leaving part of the ship's carrying capacity unused. The charge compensates the ship owner for the unused space.
Dead freight is the charge paid to a ship owner when a shipper fails to provide the quantity of cargo agreed upon, leaving part of the ship's carrying capacity unused. The charge compensates the ship owner for the unused space.