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The gross tonnage calculation is defined in Regulation 3 of Annex 1 of The International Convention on Tonnage Measurement of Ships, 1969. [3] It is based on two variables, and is ultimately an increasing one-to-one function of ship volume: V, the ship's total volume in cubic metres (m 3), and; K, a multiplier based on the ship volume.
Lightweight displacement – LWD – The weight or mass of the ship excluding cargo, fuel, ballast, stores, passengers, and crew, but with water in the boilers to steaming level. Loadline displacement – The weight or mass of the ship loaded to the load line or plimsoll mark. Deadweight tonnage (DWT) is a measure of how much weight a ship can ...
Tonnage is a measure of the capacity of a ship, and is commonly used to assess fees on commercial shipping.The term derives from the taxation paid on tuns or casks of wine. In modern maritime usage, "tonnage" specifically refers to a calculation of the volume or cargo volume of a ship.
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
Ship-owners and buyers negotiate scrap prices based on factors such as the ship's empty weight (called light ton displacement or LTD) and prices in the scrap metal market. [70] Scrapping rates are volatile, the price per light ton displacement has swung from a high of $650 per LTD in mid-2008 to $200 per LTD in early 2009, before building to ...
The displacement or displacement tonnage of a ship is its weight. As the term indicates, it is measured indirectly, using Archimedes' principle, by first calculating the volume of water displaced by the ship, then converting that value into weight. Traditionally, various measurement rules have been in use, giving various measures in long tons. [1]
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For example, passenger ferry of a given size would require substantially more work to build than a bulk carrier of the same size due to the differing design requirements, internal structure, and required level of detail, but simply comparing the gross tonnage or deadweight of each ship would incorrectly show that they took the same amount of ...