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TONNAGE | A measure of the cargo capacity of the vessel. The term comes from taxation paid on barrels or barrels of wine. In modern marine use " Tonnage is usually used to estimate fees for commercial shipping. Tonnage measurements are regulated by the IMO Convention on the Measurement of Tonnage of Ships of 1969 (London Rules), which applies to all ships built after July 1982. Tonnage is usually used to estimate fees for commercial shipping. Tonnage measurements are regulated by the IMO Convention on the Measurement of Tonnage of Ships of 1969 (London Rules), which applies to all ships built after July 1982.
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