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Lightweight (light displacement tonnage, lwt)
Weight of a ship's hull, machinery, equipment and spares. This is the basis on which ships are usually sold for scrap, e.g. $200 per lwt.
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Source: Maritime Economics, 3rd edition
Source: Maritime Economics, 3rd edition
Flashcard info:
Author: andersson.j
Main topic: Naval Architecture
School / Univ.: Chalmers
City: Gothenburg
Published: 15.10.2009