Limit Initials Charter

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The three main types of charter are: demise charter, voyage charter, and time charter.
Chartering is an activity within the shipping industry. A voyage charter is the hiring of a vessel and crew for a voyage between a load port and a discharge port. The charterer pays the vessel owner on a per-ton or lump-sum basis. The owner pays the port costs (excluding steering), fuel costs and crew costs.
A charter party (sometimes charter-party) is a maritime contract between a shipowner and a “charterer” for the hire of either a ship for the carriage of passengers or cargo, or a yacht for pleasure purposes.
A bare boat charter is also referred to as a demise charter. Under this the owner of the ship gives its possession to a charterer who hires his own crew and master. A time charter refers to a ship that has been hired by a person for carrying out a trade for a specific period of time.
The average daily rate for a 3,500-TEU fearless ship has dropped to $11,900 from $13,500 in August and $19,000 in June, and is now below the 2010 average of $13,250, according to Clark sons.
The Asbatankvoy Charter party (formerly Convoy 69) was produced by the Association of Ship Brokers and Agents (U.S.A.) Inc, and it is one of the most widely used charter forms. Emphasis will be given on the analysis of the 'reachable on arrival' clause with refer- once to English and American cases.
Charter Agreement means a lease or agreement to hire a vessel or other.
Charter Party Agreement means the charter, lease or other agreement that Seller as the charterer, enters into with the owner of the Vessel for transporting a Cargo of the Product under the terms of this Agreement.
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