Dispatch Money : A bonus paid by the Shipowner to the Charterer of his ship, if the loading or discharging of cargo is completed much earlier than the stipulated time as mentioned in the Charter Party is called Dispatch money
Shrikant Hathi & Binita Hathi, Maritime Practice in India, Shipping Glossary (7th Ed.), published by the law firm BRUS Chambers, Mumbai, India, 2012. http://bruschambers.com/marine/memo51.htm, (Mrtm - Brit) {567}