Fig:Dead Freight claim partly loaded condition
This deadfreight claim however was not honoured by the shippers after vessels departure from the loadport. It is customary in the bulk trades for the charter party to allow for the actual weight to be more or less (MOL) than the proposed weight by a margin of approximately 10%, in either the charterers option (MOLCO) or the owners option (MOLOO). If the weight loaded is less than the agreed margin, the charterers are deemed to be in breach of contract and liable for deadfreight. This however requires the Owners to present the deadfreight statement to the shippers in the load port prior departure.