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TTM03550 | Qualifying companies and ships: Carriage by sea of cargo

From HM Revenue & Customs · Tonnage Tax Manual

Carriage by sea of cargo

The phrase ‘carriage by sea of cargo’ is not defined, so the word ‘cargo’ has its ordinary, everyday meaning: essentially goods, details of which will normally be set out in a bill of lading (see TTM15140). For examples see TTM03695.