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Voyage charterparties

A voyage charterparty is an agreement under which a ship is to load at one or more named ports (or identified berth within a port) a particular specified cargo to be carried to a named discharging port or ports.

»Ê¹ÚÌåÓýapp shipowner’s remuneration for performing his obligations under the charterparty is known as freight.  It is charged at an amount per deadweight tonne, or as a lump sum for the voyage.

Because a ship operator who voyage charters in has no control over the crew, and thus a more limited control of the ship, a limit has been placed on charters-in ‘otherwise than on bareboat charter terms� (time and voyage charters) to the extent of not exceeding 75% of the tonnage operated.

Standard voyage charters are produced by organisations such as BIMCO, which may be modified by the addition or subtraction of particular clauses.  »Ê¹ÚÌåÓýapp Tonnage Tax Technical Adviser can provide further details.

References