What is Net Tonnage?
Net Tonnage The volume of a ship’s cargo spaces, measured in tons according to the International Convention on Tonnage Measurement of Ships (1969), used to determine port fees and canal tolls.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Net Tonnage” Used in Practice?
Net tonnage is used to calculate canal transit fees and other port-related charges based on the ship’s earning spaces.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Net Tonnage?
The volume of a ship’s cargo spaces, measured in tons according to the International Convention on Tonnage Measurement of Ships (1969), used to determine port fees and canal tolls.
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