Voyage Charter
Category: Contracts
Definition (plain English)
A charter where a vessel or vessel space is hired for a specific voyage between named ports or places.
Why it matters commercially
Voyage charter economics depend on freight rate, cargo readiness, laytime, demurrage, port rotation, and loading/discharge obligations.
Example
A trader accepted a voyage charter only after checking laycan, load port readiness, discharge rate, and demurrage exposure.
Common mistake
Focusing on freight rate while ignoring port delays, NOR rules, cargo quantity tolerance, and laytime exceptions.
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Landed Cost
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