You are here: Home >> voyage charterer

voyage charterer

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 >>

Find answers for voyage charterer

Did this solve your question? If not, then read following articles, answers and questions or ask a new question.

Voyage Chartering Charms.

A charterer may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above...
Vessel Chartering, Vessel Charters, Voyage Charter.

The charterer is then responsible for navigating, crewing, and insuring the vessel as if it were owned by the charterer. Bareboat chartering is much less common in commercial...
Ship Charters, Voyage Charters, Time Charters.

In most cases, a shipping charterer owns good and cargoes. He may then engage a ship broker to deal with the intermediate intricacies. A ship broker's job is to look out...

Recommended Reading

Vessel Chartering, Vessel Charters, Voyage Charter.

by shippingeworld

VesselChartering usually falls into three categories, each distinguished bythe degree of operational control over the vessel which the chartererexercises. There are three basic types ofvessel charters: voyage charter, time charter and bareboat charter. In each case, the contract between the shipper (or charterer) and theship-owner is called the "charter party." When anorganization ships goods on a vessel operated by a common carrier,the open cargo policy may be the only ocean marine policy theorganization needs. In a voyage charter, the vessel is chartered fora...