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How to Bring Together Time Charter For Free

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good morning everyone a very very warm welcome um from a snowy suffolk um to our very first in our burkitts um shipping series um uh going through um various shipping topics on time charters voice charters and then cargo claims um its really exciting to be doing this so so i really hope you enjoy this and find it really useful so perhaps um i can um first of all tell you a little bit about burkitts for those who dont know um were over 700 staff across east anglia in five offices now we opened an office in london a small office merging with a boutique insurance specialist team and we have those five offices in cambridge chelmsford ipswich and norwich were a full service firm doing all the things you might expect of an english law firm plus some things you might not immediately think some pretty specialist areas of which our shipping and logistics team is one of them and here we all are um tried to get the best vote as we could um this is the shipping team um we have this team has

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What is the most common type of charter?

The voyage charter is the most common. Under this method a ship is chartered for a one-way voyage between specific ports with a specified cargo at a negotiated rate of freight.

Who pays the crew in a time charter?

Unlike with voyage charters, the two parties will not need to agree on ports of call and destinations, as the charterer has complete discretion over this. With a time charter, the ship owner does not cover all costs. Instead, the charterer must pay for fuel and supply costs, as well as the cost of cargo operations.

What is voyage charter?

A voyage charter is a type of charter in which a vessel is leased out for a particular voyage. The charter agreement lists the ports of call, destination, and restrictions on cargo, if any. Most voyage charters are undertaken by charterers who have cargo that needs to be shipped.

What are the characteristics of voyage charter?

Voyage Charter Parties generally contain the following key agreements: The type of cargo to be carried is agreed in advance. The ports to be visited are agreed in advance. It is the responsibility of the shipowner, not the charterer, to give instructions to the master.

What is the meaning of time charter?

: a contract for the cargo space of a manned ship for a specified period.

How does a time charter work?

A time charter is a time-bound agreement, as opposed to a voyage charter. The shipowner leases a vessel to a charterer for a fixed period of time, and they are free to sail to any port and transport any cargo, subject to legal regulations.

What is a charter time?

A time charter is a time-bound agreement, as opposed to a voyage charter. The shipowner leases a vessel to a charterer for a fixed period of time, and they are free to sail to any port and transport any cargo, subject to legal regulations.

What are the 3 types of charter?

Types of Charters. The three most common types of charter contracts are the voyage charter, the time charter, and the demise (or bareboat) charter.

What are the 3 types of charter?

Types of Charters. The three most common types of charter contracts are the voyage charter, the time charter, and the demise (or bareboat) charter.

How is charter time calculated?

Time charter equivalent is calculated by taking voyage revenues, subtracting voyage expense, including canal, bunker and port costs, and then dividing the total by the round-trip voyage duration in days. It gives shipping companies a tool to measure period-to-period changes.

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