voyage charter brokers

Voyage Chartering Charms.

by shippingeworld on Mar 9, 2010

Ina voyage or time charter the charterer charters the ship (or part ofit) for a particular voyage or for a set period of time. A voyagecharter is the hiring of a vessel and crew for a voyage between a load portand a discharge port. The charterer pays the vessel owner on aper-ton or lump-sum basis. The owner pays the port costs, fuel costsand crew costs. In these charters the charterer can direct where theship will go but the owner of the ship retains possession of the shipthrough its employment of the master and crew. Whereas in a bare-boator demise charter, the owner gives possession of the ship to thecharterer and the charterer hires its own master and crew. Chartering is an activity within the shipping industry. In some cases acharterer may own cargo and employ a ship broker to find a ship todeliver the cargo for a certain price, called freight rate. Freightrates may be on a per-ton basis over a certain route or...Read More >>