Category
page 1Ship chartering
bill of lading
document issued by a carrier (or their agent) to acknowledge receipt of cargo for shipment
merchant vessel
civilian boat or ship that transports cargo or carries passengers for hire
ship-owner
A shipowner, ship owner or ship-owner is the owner of a ship. They can be merchant vessels involved in the shipping industry or noncommercially owned. In the commercial sense of the term, a shipowner is someone who equips and exploits a ship, usually for delivering cargo at a certain freight rate, either as a per freight rate (given price for the transport of a certain cargo between two given ports) or based on hire (a rate per day). Shipowners typically hire a licensed crew and captain rather than take charge of the vessel in person. Usually the shipowner is organized through a company, but a
chartering
activity within the shipping industry
Baltic Dry Index
daily shipping index published by the Baltic Exchange
demurrage
"Demurrage" in vessel chartering is the amount of liquidated damages owed by a charterer to a shipowner when the charterer remained in possession of the vessel for the purpose of loading and unloading (laytime) beyond the time allowed by contract. That is, demurrage describes the charges that the charterer pays to the ship owner for its delayed operations of loading or unloading. Officially, demurrage is a form of liquidated damages for breaching the laytime as it is stated in the governing contract (the charterparty). The demurrage sometimes causes a loss to the seller as it increases cost of
Jeffrey Richard de Corban Evans
shipbroker (born 1948)
Freight rate
cost of transporting goods
Baltic Exchange
UK company that operates as a marketplace for shipbrokers, ship owners and charterers
tramp trade
cargo shipping without a fixed schedule
laytime
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bareboat charter
chartering or hiring of a ship without crew or provisions
ship management
management team for ships
yacht charter
practice involved in renting a yacht
affreightment
Affreightment (from freight) is a legal term relating to shipping.
Worldscale
Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result.