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Esisman reports on super yacht news, mentioning a yacht called Pacific X transiting the Suez Canal with armed guards. It was predicted in a previous video that the AIS would be switched off once they finished. The AIS was indeed turned off shortly after entering the canal, as seen in a screen grab.

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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.

Who pays what in a voyage charter?

Well, with a voyage charter, nearly all costs are covered by the ship owner. These include costs relating to staffing, berthing, loading, unloading, and fuel. They cover these costs by charging the charterer a fee for leasing the vessel. The amount of money paid by the charterer can be determined in two ways.

How many charter parties are there?

There are three classes of charter parties - the Voyage, the Time, and the Demise or BareBoat.

What are time charter contracts?

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 the meaning of time charter?

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

How payment is calculated in a voyage charter?

Payment of voyage charters can be done in two methods on a per-ton basis, or on a lump-sum basis. The per-ton basis involves paying the owner for every ton of cargo or freight transported on the vessel. This is preferred when the cargo tonnage is considerably lower than the gross maximum cargo tonnage of the vessel.

What is a charter agreement?

A charter agreement is a formal contract outlining your business relationship with another person or company. These agreements can be used for many purposes, including hiring employees, buying and selling goods and services, working together on projects, starting joint ventures, etc.

What is this charter party?

A Charter Party is a written contract by which the owners or master lets the whole or part of their ship to a merchant for the transportation of goods on a particular voyage. The sum agreed upon to hire the vessel is referred to as the freight. The document settles the terms upon which the cargo is to be carried.

How do you calculate voyage days?

Calculate elapsed time of voyage: (Distance traveled is divided by the speed to find time in hours.) (Divide the hours by 24 to find the number of days.)

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.

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