CHARTERING SHIPS

CHARTERING SHIPS

The rent ship is main operation in the ship transport international maritme ,
Make charter is used verry much

The act of hiring a ship to carry cargo is called chartering. Tankers are hired by four types of charter agreements: the voyage charter, the time charter, the bareboat charter, and contract of affreightment.
In a voyage charter, the charterer rents the vessel from the loading port to the discharge port..

In a time charter, the vessel is hired for a set period of time, to perform voyages as the charterer directs.
In a bareboat charter, the charterer acts as the ship's operator and manager, taking on responsibilities such as providing the crew and maintaining the vessel. Finally, in a contract of affreightment, or COA, the charterer specifies a total volume of cargo to be carried in a specific time period and in specific sizes, for example a COA could be specified as "one million barrels of JP-5 in a year's time in 25,000 barrel shipments."

A completed chartering contract is known as a charter party.

One of the key aspects of any charter party is the freight rate, or the price specified for carriage of cargo.

CHARTER OPERATION

The freight rate of a tanker charter party is specified in one of four ways: by a lump sum rate, by rate per ton, by a time charter equivalent rate, or by Worldscale rate. In a lump sum rate arrangement, a fixed price is negotiated for the delivery of a specified cargo, and the ship's owner/operator is responsible to pay for all port costs and other voyage expenses.

Rate per ton arrangements are used mostly in chemical tanker chartering, and differ from lump sum rates in that port costs and voyage expenses are generally paid by the charterer.
Time charter arrangements specify a daily rate, and port costs and voyage expenses are also generally paid by the charterer.

The Worldwide Tanker Normal Freight Scale, often referred to as Worldscale, is established and governed jointly by the Worldscale Associations of London and New York.
Worldscale establishes a baseline price for carrying a metric ton of product between any two ports in the world.
In Worldscale negotiations, operators and charterers will determine a price based on a percentage of the Worldscale rate.
The baseline rate is expressed as WS 100.

If a given charter party settled on 85% of the Worldscale rate, it would be expressed as WS 85. Similarly, a charter party set at 125% of the Worldscale rate would be expressed as WS 125.

CHARTER LEASING DRY CARGO

Description:

we are engaged in the Dry-cargo sector as Ship and Cargo broker. We are active on worldwide basis on behalf of an extensive group of Charterer and Shipowners. We provide a deep knowledge and experience to our clients. We follow strict rules of ethics and give a complete service, which includes market appraisal, accurate and skillful negotiating techniques and reliable attention to post fixture matters. We maintain close contacts with the worldwide trade community. Our clients trade with major, minor bulks, we are dealing, but not limited to commodities like Steel, oil, gas , Sugar, Cement, Forest products, Mop, Bhf and many others.

With our contacts to first class ship owners and managers worldwide, we can cover needs of tonnage from vessels of 2000 dwt size for our regional trade up-to panamax tonnage on worldwide basis. Furthermore we are deeply involved in the parcelling on worldwide basis. Our team clients handle the chartering of all types of vessels in the dry tank cargo sector, including, multi-purpose vessels, Bulkcarriers, Ro/Ro, Heavy-lift vessel, High standard European approved Livestock carrier and loggers.