👉 "Peages" is a term used in maritime law to refer to vessels that carry passengers. These vessels are typically larger than standard passenger ships and operate on long-distance routes, often carrying passengers between different ports or destinations. The term "peage" was first used in 1908 by the American shipping company, Amtrak, as a way to describe the type of vessel they were using for their transcontinental service. Today, peages are commonly used in international maritime services, including
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What is the definition of Peage? 🙋
👉 In the context of transportation, "peage" is a unit of measurement used to measure the cost or value of goods transported by a vehicle. It is often abbreviated as "P" for passenger and "E" for cargo. The unit can be expressed in terms of dollars per kilometer or miles, with values ranging from $0.125 to $8.67.
