Deadfreight

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The monetary value of freight directly depends on the quantity of the goods loaded by the charterer, and then delivered in undamaged state by the shipowner to the consignee or receiver. It follows therefore that, when the charterer, without lawful excuse, ships a quantity of goods less than that required by the charterparty , then the charterer is liable to the shipowner for the difference between the freight actually earned, being calculated on actually supplied quantity of goods, and the freight which would have been earned if the charterer had fulfilled his obligation to load the cargo in full. Such measure of damages claimed for breach of contract by a charterer to furnish a full cargo to a ship is known as deadfreight.

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Published In: Maritime Updates, Transportation Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Igor Sterzhantov s.r.o. | Attorney Advertising

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