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You are here: Home / glossary / Custom of the Trade

Custom of the Trade

Custom of the Trade

Created OnFebruary 6, 2018
byCapt. Angad S Cheema
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A phrase sometimes used to describe an action or procedure that is not committed to writing, but which has been followed for a long time, and is considered ‘standard practice’ by practitioners in the trade.

Related:

  • Hog (Hogging)
  • Dreadage or Dreading Clause
  • Arrived ship
  • Bareboat charter
  • COA (Contract of Affreightment)
  • Ballast bonus (BB)

By Capt. Angad S Cheema

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