Home > Terms > English, UK (UE) > Construction differential subsidy (CDS)
Construction differential subsidy (CDS)
A direct subsidy paid to u. S. Shipyards building u. S. -flag ships to offset high construction costs in american shipyards. An amount of subsidy (up to 50 percent) is determined by estimates of construction cost differentials between u. S. And foreign yards.
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- Part of Speech: noun
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- Industry/Domain: Maritime
- Category: Ocean shipping
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