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How to Mix Quantity Charter For Free

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What does freight payable mean?

Freight Payable means any and all freight or other charges payable to a Freight Carrier in respect of transportation services provided by such Freight Carrier pursuant to a Freight Carrier Document or otherwise.

How is freight paid on 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 freight in chartering?

Freight is the remuneration payable by the charterers to the owners for the performance of the contract . It may be called charter party freight in the contract.

Who is responsible for paying freight charges?

Ideally, the seller pays the freight charges to a major port or other shipping destination and the buyer pays the transport costs from the warehouse to his store or vendors. The determination of who will be charged the freight costs is usually indicated in the terms of sale.

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.

What is a charter party bill of lading?

Charterer is a fellow who has taken the vessel on hire thus becoming the commercial operator of the vessel. Now when the shipper loads his goods his Bill of lading is issued by the charterer (as a carrier) and not the shipowner. These are known as CHARTER PARTY BILL OF LADINGS.

Who pays for the cargo loading discharging expenses in a voyage charter term free in out FIO )?

As a rule, owners have to pay the cost of loading and discharging the cargo, it being the duty of charterers to deliver the cargo free alongside at the port of loading and for consignees to take delivery from alongside at the port of destination, in each case free of charge to the vessel.

What is loading and discharging cargo?

In administrative loading, equipment and supplies are discharged and sorted before they can be used. Cargo loaded administratively can be discharged at a single port or multiple ports. a. In loading for a single port of discharge, cargo planners stow supplies to make maximum use of the carrying capacity of a ship.

Is a legal contract of affreightment which a shipowner designates one or more specified vessels to carry a charterers specified cargo?

Contract of Affreightment is an agreement between a charterer and a shipowner, where the shipowner agrees to transport specific number of goods for the charterer at a specified period. Under this agreement, the charterer is obligated to pay the freight whether the goods are ready for shipment or not.

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.

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How to Mix Quantity Charter For Free