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Gross tonnage is calculated by measuring a ship's volume (from keel to funnel, to the outside of the hull framing) and applying a mathematical formula. Gross tonnage (GT, G.T. or gt) is a measure of a ship's overall internal volume. Gross tonnage is different from gross register tonnage. [1]
"Gross margin" is often used interchangeably with "gross profit", however, the terms are different: "gross profit" is technically an absolute monetary amount, and "gross margin" is technically a percentage or ratio. Gross margin is a kind of profit margin, specifically a form of profit divided by net revenue, e.g., gross (profit) margin ...
Tonnage – A number derived from any of several methods to calculate the volume or other number indicative of a ship's cargo carrying capacity. Gross tonnage – GT – Not expressible in units of mass or weight but is based on the total volume of the vessel in cubic meters with a formula applied.
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Gross register tonnage (GRT, grt, g.r.t., gt), or gross registered tonnage, is a ship's total internal volume expressed in "register tons", each of which is equal to 100 cubic feet (2.83 m 3). Replaced by Gross Tonnage (GT), gross register tonnage uses the total permanently enclosed capacity of the vessel as its basis for volume.
George Moorsom ordered the entire fleet of British merchant ships to be measured according to the new System and then divided the total gross tonnage by the total registered tonnage. The result was 98.22 cubic feet (2.781 m 3 ) per gross ton, which was rounded to 100 cu ft (2.8 m 3 ) per ton.
The Builder's Old Measurement formula remained in effect until the advent of steam propulsion. Steamships required a different method of estimating tonnage, because the ratio of length to beam was larger and a significant volume of internal space was used for boilers and machinery. In 1849, the Moorsom System was created in the United Kingdom ...
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.