Voyage Charter Agreement
If the charterer takes longer than expected to load or unload the cargo in use, the shipowner must receive a pre-agreed compensation, called demerit. Chartering is an activity within the marine industry in which a shipowner leases the use of his vessel to a charterer. The contract between the parties is referred to as the “charter party” (the “charter party” or the French “sharing document”). The three main types of charters are: chartering, travel chartering, and on-time chartering. The charterer may charter the vessel for a trip (Charter Charter) for a specified period (time charter) or lease and operate the vessel as if it were the owner of the vessel (half or cash charter). The task of the charterer is to find a ship for the cargoes they have from different shippers, and to maximize the space on the boat they want to rent. And so, each shipper has an agreement with the shipowner, called a “transportation contract.” This information is also included in the charter party contract. Thus, we can say that if charterers consume more time to load/unload than laypersons, they must be discouraged by the ship owner. Although the shipowners are primarily related to the charterer, this does not mean that the shipowner has no relationship with the shipper. Normally, you would find a mention of the charter party agreement in the bill of lading. The wording in the bill of lading could be pretty much so. The charter time for this additional payment is “canvassing.” What would happen if the vessel could not dock for many days in the loading or unloading port because of other ships that preceded it? Too much uncertainty. But the freight (and profits) of shipowners cannot depend on so much uncertainty.
For example, shipowners and charterers agree on factors such as the permitted number of loading and unloading days. For the terms chartered, they are “laydays” or “Laytime” ??? Laydays refers to the time when a ship must report to charter. If the ship reaches the laity, the contract can be terminated. – Laycan. Laytime is the time allowed (in hours and days) in a travel charter for loading and unloading cargo. Freight handling costs may be assigned to the shipowner or charterer depending on the terms of the charter company. As a general rule, these costs are borne by the charterer (hence the free-in conditions, or FIOT and free-in ranks, or FIOS in the charter party contract). The shipowner is paid by the freight paid on the amount of freight transported or paid on a flat-rate basis. The freight rate must take into account the expected length of the trip, the type of cargo to be transported (the cargo), etc. If a vessel is delayed in the port over an agreed period (Laytime), the liquidated damage (Demurrage) is paid to the shipowner. When the vessel leaves port before the laytime expires, the shipowner is generally required to pay money (shipping) to the charterer.