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 has the meaning given to it in Section 1.2 and is further described in Section 1.6.
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Examples of Voyage Charter in a sentence

  • Charterer shall have the right to deduct from hire any amount withheld from a Voyage Freight by a sub-charterer pursuant to a cargo retention clause in a Voyage Charter Party between Charterer and that subcharterer.

  • Subject to Clause 6.6(e), acceptance by Charterer of the Vessel for purposes of the Voyage Charter Party shall not affect Charterer’s right to reject delivery of the Vessel pursuant to Clauses 6.3 or 6.4 or Charterer’s other rights under this Charter or Customer’s rights under the Operation and Services Agreement.

  • The Voyage Charter Party shall terminate upon arrival of the Vessel at Charterer’s Facility.

  • However, the Vessel Owner may submit the authorized costs of the Voyage Charter in a format other than the sample invoice if all the information found on the sample invoice is included.

  • WCMRC will determine and record, acting reasonably, the effective time of termination of each Voyage Charter in accordance with the terms of this Agreement.

  • If the required time is more than the day on which the Breakdown occurs, WCMRC may, in its sole discretion, terminate the Voyage Charter immediately.

  • If at any time during a Voyage Charter, the Vessel Owner, in exercising reasonable discretion, determines that a direction of WCMRC, including a direction contained in a Dispatch Order, would or is likely to endanger the Vessel or Crew or cause material damage to the Vessel, the WCMRC Equipment, other equipment on the Vessel or the environment, the Vessel Owner may elect to the extent necessary not to follow such a direction.

  • If WCMRC gives a direction to the Vessel Owner to conduct Oil Spill Response Work in the territorial waters of the United States of America during a Voyage Charter, this Agreement will apply to such Oil Spill Response Work.

  • However, if the Vessel is not put in Operating Condition during the day of the Breakdown and the Voyage Charter is not terminated by WCMRC in accordance with Section 11.1, the Vessel Owner will be paid the standby rate as set out in paragraph (b) of the Charter Rates Schedule following the day of the Breakdown until the Vessel is returned to its Home Port.

  • Provisions of industry Standard Tanker Voyage Charter Party form, code word “ASBATANKVOY” and as amended directly below, apply when not in conflict with any of the above-written provisions.


More Definitions of Voyage Charter

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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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 hire of a Vessel by which the charterer obtains possession and control of the Vessel for an agreed period of time or an agreed voyage.

  • 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.