Margin
Summary of Margin
A cost calculation performed in association with vessel operations that allows for potential cost overruns, e.g., lost days due to adverse weather. A margin of 5 percent is common per voyage.
(Main Author: William J. Miller)
Margin in International Trade
Meaning of Margin, according to the Dictionary of International Trade (Global Negotiator): The difference between the cost of sold items and the total net sale income.
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