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What is ballast leg?

Ballast Leg: A voyage with no cargo on board to get a ship in position for the next loading port or docking. A ballast tank is a tank that is filled with seawater when a vessel is in ballast, in order to ensure stability.

What is GBB in shipping?

GBB stands for Gross Ballast Bonus (shipping industry)

How many types of charter are there?

The three main types of charter are: demise charter, voyage charter, and time charter.

What is the difference between time charter and voyage charter?

A time charter is a type of vessel chartering whereby the ship owner leases the ship for a set length of time. A voyage charter is a type of vessel chartering whereby the ship owner leases the ship for the duration of a specific voyage.

What are the different types of chartering a vessel explain each?

There are three main types of charters voyage charter, time charter, and demise charter. The demise charter is often known as a bareboat charter, and grants ownership or possession of the vessel to the charterer subject to certain time-bound conditions.

What is a time charter of a boat?

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.

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 is a ballast bonus?

Also known as repositioning fees. Refers to fees a shipowner charges a charterer to move an empty (ballast) vessel to the receiving liquefaction terminal, and are typically remitted as a lump-sum payment.

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 is time charter description?

A Time Charter (TC) is a type of vessel chartering and a vessel employment contract between two counterparties: the Owner and the Charterer. Each counterparty has different responsibilities and concerns, which are captured in the Charter Party Agreement.

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How to Fix Quantity Charter For Free