Voyage Charter definition

Voyage Charter means a contract of carriage in which the charterer pays for the use of a ship's cargo capacity for one, or sometimes more than one, voyage. Under this type of charter, the shipowner pays all the operating costs of the ship (including bunkers, canal and port changes, pilotage, towage and ship's agency) while payment for cargo handling charges are subject of agreement between the parties. Freight is generally paid per unit of cargo, such as a tonne, based on an agreed quantity, or as a lump sum irrespective of the quantity loaded.
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Voyage Charter means a charter for the carriage of a specific cargo from a load port to a discharge port at an agreed upon freight rate expressed on a U.S. dollar-per-ton basis.
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Voyage Charter means a contract between the entity who has the right to exploit the earning capacity of the vessel (a bareboat, time or voyage charterer) and a voyage charterer, to carry a particular cargo on a particular ship on a particular voyage for an agreed freight calculated per unit of cargo carried and earned on loading. The voyage charterer also undertakes to pay liquidated damages for detention (demurrage) if loading and/or discharging takes longer than the time agreed (the lay days). The owner retains all the technical operation and commercial operation and management responsibilities (for maintaining and insuring the vessel, employing the crew, and all the costs of the voyage, including bunkers and port charges), and the voyage charterer is responsible for providing the cargo, freight and demurrage. The costs and the risks of loading/unloading also may be assigned to the voyage charterer by specifying in terms and conditions.
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Examples of Voyage Charter in a sentence

  • Alternatively, with respect to any area(s) excluded by war risk trading warranties under Owner's commercial war risk insurance coverage in Charterer's sole option and at no cost to the Government, Charterer may delete this sub-paragraph (h)(3) with twenty-four hours notice in which case: (1) V (e) (Voyage Charter War Risk Coverage) shall automatically be effective in such area; or (2) the Government shall offer an indemnity under Public Law 85-804.

  • Project and Task Numbers Expenditure CLIN Type Description Amount Project No. Task No. (TBD at award) 2521M Voyage Charter Freight (Lump Sum): (TBD at award) 2521P Demurrage (Per Day Pro Rata): 20a.

  • Alternatively, with respect to any area(s) excluded by war risk trading warranties under Owner’s commercial war risk insurance coverage, in Charterer's sole option and at no cost to the Government, Charterer may delete this subparagraph (3) with twenty-four hours notice in which case (i) V(e) (Voyage Charter War Risk Coverage) shall automatically be effective in such area; or (ii) the Government shall offer an indemnity under Public Law 85-804.

  • A charter whereby the ship has been chartered to move coal from Richards Bay to China for six months is called a … A Voyage Charter.

  • G E Shipping charters out its owned vessels either on Voyage Charter or on Time Charter depending on the nature of charter that will provide best commercial benefit for a vessel at a given point in time.

  • During the financial year, for all completed voyages, the number of sailing days of the fleet vessels was broadly 60% under Voyage Charter and 40% under Time Charter.

  • Charter parties are of three kinds:• Voyage Charter (most common) – provides transport for a single voyage and designated cargo between two ports in consideration of an agreed fee.

  • See Tanker Voyage Charter between Chevron and Megalonissos, submitted with the claim by Chaffe for Megalonissos on 2/17/2010.

  • In response to a highly critical report about contractual arrangements in the shipping industry issued by the United Nations Commission on Trade and Development (UNCTAD) in 1990, the Definitions were revised and issued as the Voyage Charter Party Laytime Interpretation Rules (Voylayrules) 1993.

  • LNGVOYThe first of the newly adopted contracts was the LNGVOY Voyage Charter Party for the transportation of liquefied natural gas.


More Definitions of Voyage Charter

Voyage Charter has the meaning given to it in Section 1.2 and is further described in Section 1.6.
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Voyage Charter. When the vessel is chartered for a particular voyage is called the voyage charter.
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Related to Voyage Charter

  • Time Charter means the time charter party between Owners as owners and Stena Bulk AB (the "Time Charterers") as charterers effective attached hereto as Annex 1. "Agreement" means Part I, Part II, including Additional Clauses 21-31 as well as Annex 1.

  • CFA Charter means the charter earned through the Chartered Financial Analyst program prepared and administered by the CFA Institute and so named on the day this Instrument comes into force, and every program that preceded that program, or succeeded that program, that does not have a significantly reduced scope and content when compared to the scope and content of the first-mentioned program;

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Air charter service means an air carrier operation which requires the customer to

  • Charter Agreement means an agreement made in accordance with Section 53G-5-303 that authorizes the operation of a charter school.

  • Charter contract or "contract" means a fixed-term, renewable contract between a

  • Company Charter means the Amended and Restated Certificate of Incorporation of the Company, as amended.

  • Charter means the Corporation’s certificate or articles of incorporation, articles of association, or similar organizational document.

  • Company Charter Documents means the Company’s certificate of incorporation and bylaws, each as amended to the date of this Agreement.

  • the Charter means the Charter or Letters Patent under the Great Seal of Ireland bearing date the 10th day of May 1783 and granted by his late Majesty King George the Third;

  • Charter school means an independent public school

  • Charters means Kitty Hawk Charters, Inc., one of the Debtors.

  • Charter Service means, but does not include demand response service to individuals:

  • Parent Charter means the Certificate of Incorporation of Parent, as from time to time amended.

  • Charterer means a person, firm, corporation, association, partnership, or other legal entity who contracts for the transportation of passengers and baggage, or goods and/or property from a specified origin to a specified destination, for a particular itinerary, agreed upon in advance.

  • Restated Charter means the Company’s Amended and Restated Certificate of Incorporation, as amended and/or restated from time to time.

  • Shipbuilding Contract means the shipbuilding contract dated 30 March 2011 and made between the Builder and the Borrower for the construction by the Builder of the Ship and its purchase by the Borrower as supplemented and amended from time to time;

  • Charter Documents means, with respect to any entity, the certificate of incorporation, the articles of incorporation, by-laws, articles of organization, limited liability company agreement, partnership agreement, formation agreement, joint venture agreement or other similar organizational documents of such entity (in each case, as amended).

  • Company Bylaws means the bylaws of the Company, as amended.

  • Charter Document means as to any Person, its partnership agreement, certificate of incorporation, certificate of formation, operating agreement, membership agreement or similar constitutive document or agreement or its by-laws.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • IMO means the International Maritime Organization;

  • Public charter school means a public school that:

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Community Charter means the Community Charter, S.B.C. 2003, c. 26, as may be amended or replaced from time to time;

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.