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Simple English definitions for legal terms
net tonnage
Read a random definition: Sarbanes-Oxley Act
A quick definition of net tonnage:
Net tonnage is a term used to describe the capacity of a ship to carry cargo or other loads, measured in tons. It is also known as tonnage. The total tonnage of a country or port can also be referred to as tonnage. Tonnage duty is a tax that is sometimes imposed on ships based on their tonnage.
A more thorough explanation:
Definition: Net tonnage refers to the capacity of a vessel for carrying freight or other loads, calculated in tons. It is also known as tonnage.
For example, if a ship has a net tonnage of 500, it means that it can carry up to 500 tons of cargo.
Net tonnage is an important measurement in the shipping industry as it helps determine the carrying capacity of a vessel and the amount of cargo it can transport.