Understanding Gross Tonnage and Net Tonnage: Key Differences Explained

In this video, we break down the difference between Gross Tonnage (GT) and Net Tonnage (NT) in simple terms.

Gross Tonnage, represents the total volume of all enclosed spaces in a ship. It gives us a picture of the ship’s overall size and capacity. It’s not about weight but the size of the ship based on the spaces enclosed within its hull and superstructure.

Net Tonnage refers to the volume of cargo carrying spaces. It is indicative of the vessel’s earning potential. Net Tonnage is about the revenue-earning spaces on the ship.
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