Dead Weight Tonnage (DWT)
Dead Weight Tonnage (DWT) : (1) Estimated number of tons of cargo a vessel can carry when loaded to maximum depth, obtained by subtracting displacement "light" and "loaded" tonnage and expressed in long tons (2,240 lb.) or metric tons (1,000 kg). Serves as a basis for rates when vessels operate on time charters. (2) Cargo of such nature that a long-ton is less than 70 cubic feet
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