A charter under which a shipowner hires out a ship for a specific voyage between the loading port and the discharging port. The shipowner is responsible for paying both ship operating expenses and voyage expenses. Typically, the charterer is responsible for any delay at the loading or discharging ports. The shipowner is paid freight on the basis of the cargo movement between ports.
Contract for hire of a ship under which a shipowner is paid freight on the basis of moving cargo from a loading port to a discharge port. Normally per ton of cargo. The shipowner is responsible for paying both operating costs and voyage costs. The charterer is typically responsible for any delay at the loading or discharging ports.
a charter of the carrying capacity of a ship for a specified voyage, and is thus usually of a relatively short duration
a contract similar to a time charter except that the ship or aircraft is chartered for a specific voyage or flight rather than for a specific period of time
A Charter under which a customer pays a transportation charge for the movement of a specific cargo between two or more specified ports. The shipowner pays all voyage expenses, and all vessel expenses, unless the vessel to which the Charter relates has been time chartered in. The customer is liable for Demurrage, if incurred.
A contract under which the ship-owner agrees to carry an agreed quantity of cargo from a specified port or ports to another port or ports for a remuneration called freight, which is calculated according to the quantity of cargo loaded, or sometimes at a lump sum freight.
Engaging services of cargo ship for specified trip from one port to another at established tonnage rate.
An agreement for the transportation of a specific cargo from one port to another. It is possible to have multiple load and/or discharge ports. Payment is usually per ton of cargo. The shipowner pays for all voyage costs such as bunkers and port charges.
The shipowner hires his vessel subject to various conditions for the carriage of cargo for a single voyage.
A charter party hiring a vessel for a particular voyage in which the shipowner provides the vessel, bunkers and crew whilst the charterer supplies the cargoes.