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In this video I want to talk about the different types of charter under which ourselves is maybe sailing and the different types of charter that I will cover include a void charter time charter bare boat charter and demise charter this is part of the topic of maritime law for Mariners but a quick disclaimer before I start with the video is that I'm not a mate I'm lower I'm an ex marina and that's why the knowledge obtained from this video is just good enough for you to answer questions in the exam for marina certification this is not going to make you an expert in maritime law alright, so I have listed the salient differences between each of the charters, so I hope this helps you in making notes for your examination so invoice charter the owner by virtue of appointing the master retains the operational control also since the owner gives his clearance of the load port and discharge port and agrees to the cargo being carried and in addition may also arrange this David was for loading and discharging he will also retain the commercial control of the vessel in which after the owner has taken on himself the responsibility of ensuring that the port's visited by the ship are safe to do so the owners' remuneration in this type of Charter is the freight so the owner arms through Freight and therefore maximum cargo loaded results in maximum profit for the owner generally voice charter is considered more lucrative than time chartering which we'll discuss very soon all running expenses in the owners on the in the void charter are for the owners account unless the charter party provides port of expenses for the charters account now the following gives the division of responsibility between the corner and the charger so under owners account comes these salaries, so the owner is responsible for paying the salary is paying for the bunkers stores spare parts fresh water agency fees port and canal dues steering unless of course stated otherwise in charter takes the responsibility, but the owner also pays for the insurance repairs and maintenance of the vessel invoice Charter the Charter is a count of the Charter pays for the cargo insurance steering but then again depends on the terms of the charter party both shifting charges and cargo taxes in order that the owner under the void charter makes maximum profit he must try to keep the following at a minimum that is port and agency cost steering expenses bunk costs and ensure quick turnaround of the vessel in time charter a time shutter is resorted to by the owner when he has difficulty in financial outflow, or he does not have sufficient contacts in the market to engage in lucrative voyage cargo fixture the shipowner by virtue of appointing the master then exercises the operational control, but it is the Charter by virtue of fixing the cargo and boat exercises the commercial control also the Charter has the onus of ensuring that the ports are safe for the ship to visit in time Tata the owner obtains his...
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