Dispatch Money Law and Legal Definition

In the context of Maritime law, dispatch money refers to an amount paid by a ship-owner to the charterer of a vessel. This money is paid to the charterer of a vessel if the cargo is unloaded at the port rapidly or much before than actually provided for in the agreement between the charterer and the ship-owner. This is also known as dispatch. This money is actually given in the form of a reward to the charterer for unloading the goods quickly.