CHARTERING

Parties involved

COSTS IN VOYAGE CHARTERS

Under a voyage charter all fixed and variable costs are usually for the owner and included in the freight which is expressed in tons of loaded goods for a well defined quantity as stated in the charter party (for more details about the freight, see also The Voyage Charter). If this quantity is not loaded, the owner is entitled to the full freight for the missing quantity. This is called deadfreight.

Usually the cargo handling costs, like at F.i., F.o., F.i.o., etc. are at the expense of the charterer.

As already explained before, a fixed sum can also be agreed, namely the "lump sum".

In order to defend the interests of the charterer and to have a supervision on the cargo, it is sometimes agreed to employ a supercargo, provided his accommodation expenses are paid for.

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