Dry Lease

Tags: Glossary

A lease of a vessel or other equipment without a crew or operator.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What does Dry Lease mean?

A dry lease is a type of leasing agreement in which a shipping company leases a vessel or aircraft without crew, fuel, or other provisions. Unlike a wet lease, which includes a crew and all necessary supplies, a dry lease provides the shipping company with only the basic vessel or aircraft, which they must then operate themselves. This type of lease is common in the shipping industry for vessels such as cargo ships, tankers, and container ships. 

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