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FrançaisA situation that consists of unauthorized traders buying and selling a company´s product in different countries. Companies confronted with a grey situation can react in many ways. They may decide to ignore the problem, take legal action or modify elements…
Read MoreGross sales
The total amount received or receivable for goods sold, before any allowances for returned goods or sales discounts.
Read MoreGross terms
Chartering terms whereby the vessel owner is responsible for the costs of loading, stowing, trimming and unloading. Many voyage charters are handled on this basis. Also called gross charter.
Read MoreGross tonnage
The capacity of a vessel (no cargo) expressed in vessel tons. It is determined by dividing by 100 the contents, in cubic feet, of the vessel closed-in spaces. (A vessel ton is 100 cubic feet). The register of a vessel…
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