SHIP CHARTED

Independent International Shipbrokers with focus on safe, efficient, cost effective and timely service solutions specialized in spot and time chartering for dry bulk, unitized cargo and oil & chemicals worldwide: * steel, fertilizer, grains, coal, ore, sugar, cement, forest products, non-ferrous minerals and metals; * project cargoes, heavy lift, military cargoes; * oil, naphta, gasoil, condensate, gasoline, jet fuel * chemicals, petrochemicals, bio-fuels, speciality oils Vessels we can arrange for your needs: 1. General Cargo Vessels 2. Tankers 3. Dry-bulk Carriers 4. Multipurpose Vessels 5. Reefer Ships Besides, we can arrange: * Part Vessel Cargo * Time Critical Contracts Also, we are involved in development of new trades. Let us know about your next Project Types of Charter Charter parties could be divided in the following basic categories: * Bareboat 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. * Voyage charter This is the most commonly used Charter Party. Under this particular agreement, the owner of the ship agrees to lease the cargo to the charterer for a particular voyage. The cost paid for such as lease includes costs like fuel, loading and unloading of the cargo etc. The vessel owner supplies the charterer with the vessel and sometimes the crew for a voyage to a designated port. However, there is a specific time limit under this kind of contract. The time mentioned in the lease contract includes the time needed for loading and unloading of the cargo, exceeding which may need the charterer to remunerate the owner in terms of compensation charges. Besides, 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. Also, the charterer remains responsible for any incidental charges. Being a voyage bound trip with availability of crew, voyage charter party becomes one of the most famous charter parties. * 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. Trip time charter Is a comparatively short time charter agreed for a specified route only (as opposed to the standard time charter where charterer is free to employ the vessel within agreed trading areas). * Lump sum charter In this particular type of charter party, the owner agrees to lease his vessel to the charterer for a specified cargo to be shipped to a specified port. Contract of Affreightment Is similar to a voyage charter. This type of charter party particularly suits to bulk cargo that often need more than one voyage for complete shipment. Under this contract, the owner offers to carry the mentioned cargo at a price decided at rate of per tonnage or per voyage. This type of contract is especially found in industrial cargos like that of coal, stones, building material, metallurgical materials etc. * Dock charter This type of contract is made on the basis of the port or dock where the vessel is received by the charterer upon leasing or the owner while returning. The exchange happens in areas which are essentially suited to the size of vessel and are called commercial area of the port.