Chartering
Trading
- We do Voyage and Parcel Charters - Usually for Project Cargoes (Defined Below)
- Trouble-shooting for Marine Projects and Shipbrokering & Chartering Issues
Trading
- Commodities Trading (Defined Below)
Chartering & Trading
Beta Overseas
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Chartering & Trading Since 1984
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Beta Overseas - Chartering & Trading Division of the Project Executive Group
Training Course
- Essentials of Charter Party Contracting
Now a Division of the
Project Executive Group
beta@projectexecutive.com
Project Executive Group
beta@projectexecutive.com
Chartering (shipping) From Wikipedia,
Chartering is an activity within the shipping industry. In some cases a charterer may own cargo
and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate.
Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and
China) or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per
day for the agreed duration of the charter.
A charterer may also be a party without a cargo who takes a vessel on charter for a specified
period from the owner and then trades the ship to carry cargoes at a profit above the hire rate, or
even makes a profit in a rising market by re-letting the ship out to other charterers.
Depending on the type of ship and the type of charter, normally a standard contract form called a
charter party is used to record the exact rate, duration and terms agreed between the shipowner
and the charterer.
Time Charter Equivalent is a standard shipping industry performance measure used primarily to
compare period-to-period changes in a shipping company's performance despite changes in the
mix of charter types.
Charter Types
A voyage charter is the hiring of a vessel and crew for a voyage between a load port and a
discharge port. The charterer pays the vessel owner on a per-ton or lump-sum basis. The owner
pays the port costs (excluding stevedoring), fuel costs and crew costs. The payment for the use of
the vessel is known as freight. A voyage charter specifies a period, known as laytime, for
unloading the cargo. If laytime is exceeded, the charterer must pay demurrage. If laytime is
saved, the charter party may require the shipowner to pay despatch to the charterer.[1]
A time charter is the hiring of a vessel for a specific period of time; the owner still manages the
vessel but the charterer selects the ports and directs the vessel where to go. The charterer pays
for all fuel the vessel consumes, port charges, and a daily hire to the owner of the vessel.[2]
A bareboat charter or demise charter is an arrangement for the hiring of a vessel whereby no
administration or technical maintenance is included as part of the agreement. The charterer
obtains possession and full control of the vessel along with the legal and financial responsibility for
it. The charterer pays for all operating expenses, including fuel, crew, port expenses and P&I and
hull insurance. In commercial demise chartering, the charter period may last for many years; and
may end with the charterer acquiring title (ownership) of the ship. In this case, a demise charter is
a form of hire-purchase from the owners, who may well have been the shipbuilders. Demise
chartering is common for tankers and bulk-carriers.[3]
Chartering is an activity within the shipping industry. In some cases a charterer may own cargo
and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate.
Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and
China) or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per
day for the agreed duration of the charter.
A charterer may also be a party without a cargo who takes a vessel on charter for a specified
period from the owner and then trades the ship to carry cargoes at a profit above the hire rate, or
even makes a profit in a rising market by re-letting the ship out to other charterers.
Depending on the type of ship and the type of charter, normally a standard contract form called a
charter party is used to record the exact rate, duration and terms agreed between the shipowner
and the charterer.
Time Charter Equivalent is a standard shipping industry performance measure used primarily to
compare period-to-period changes in a shipping company's performance despite changes in the
mix of charter types.
Charter Types
A voyage charter is the hiring of a vessel and crew for a voyage between a load port and a
discharge port. The charterer pays the vessel owner on a per-ton or lump-sum basis. The owner
pays the port costs (excluding stevedoring), fuel costs and crew costs. The payment for the use of
the vessel is known as freight. A voyage charter specifies a period, known as laytime, for
unloading the cargo. If laytime is exceeded, the charterer must pay demurrage. If laytime is
saved, the charter party may require the shipowner to pay despatch to the charterer.[1]
A time charter is the hiring of a vessel for a specific period of time; the owner still manages the
vessel but the charterer selects the ports and directs the vessel where to go. The charterer pays
for all fuel the vessel consumes, port charges, and a daily hire to the owner of the vessel.[2]
A bareboat charter or demise charter is an arrangement for the hiring of a vessel whereby no
administration or technical maintenance is included as part of the agreement. The charterer
obtains possession and full control of the vessel along with the legal and financial responsibility for
it. The charterer pays for all operating expenses, including fuel, crew, port expenses and P&I and
hull insurance. In commercial demise chartering, the charter period may last for many years; and
may end with the charterer acquiring title (ownership) of the ship. In this case, a demise charter is
a form of hire-purchase from the owners, who may well have been the shipbuilders. Demise
chartering is common for tankers and bulk-carriers.[3]
Trading From Wikipedia
Trade is the transfer of ownership of goods and services from one person to another. Trade is
sometimes loosely called commerce or financial transaction or barter. A network that allows trade
is called a market. The original form of trade was barter, the direct exchange of goods and
services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper
money. Modern traders instead generally negotiate through a medium of exchange, such as
money. As a result, buying can be separated from selling, or earning. The invention of money
(and later credit, paper money and non-physical money) greatly simplified and promoted trade.
Trade between two traders is called bilateral trade, while trade between more than two traders is
called multilateral trade.
Trade exists for man due to specialization and division of labor, most people concentrate on a
small aspect of production, trading for other products. Trade exists between regions because
different regions have a comparative advantage in the production of some tradable commodity, or
because different regions' size allows for the benefits of mass production. As such, trade at
market prices between locations benefits both locations.
We are involved only in wholesale commodity trading internationally. Wholesale trade
is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional,
or other professional business users, or to other wholesalers and related subordinated services.
We are not trading in the financial markets.
Trade is the transfer of ownership of goods and services from one person to another. Trade is
sometimes loosely called commerce or financial transaction or barter. A network that allows trade
is called a market. The original form of trade was barter, the direct exchange of goods and
services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper
money. Modern traders instead generally negotiate through a medium of exchange, such as
money. As a result, buying can be separated from selling, or earning. The invention of money
(and later credit, paper money and non-physical money) greatly simplified and promoted trade.
Trade between two traders is called bilateral trade, while trade between more than two traders is
called multilateral trade.
Trade exists for man due to specialization and division of labor, most people concentrate on a
small aspect of production, trading for other products. Trade exists between regions because
different regions have a comparative advantage in the production of some tradable commodity, or
because different regions' size allows for the benefits of mass production. As such, trade at
market prices between locations benefits both locations.
We are involved only in wholesale commodity trading internationally. Wholesale trade
is defined as the sale of goods or merchandise to retailers, to industrial, commercial, institutional,
or other professional business users, or to other wholesalers and related subordinated services.
We are not trading in the financial markets.
| For Guidance ref Charter Party FORMS GO To Maritime KnowHow on C/P Forms |
C/P Forms We Use
Normally
General Cargo
GENCON94
MULTIFORM
Tanker Voyage C/P
INTERTANKVOY
ASBA II
IF a Time C/P
NYPE93
Normally
General Cargo
GENCON94
MULTIFORM
Tanker Voyage C/P
INTERTANKVOY
ASBA II
IF a Time C/P
NYPE93
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