Voyage Charter F
Voyage Charter F
Voyage Charter F
Malcolm Maclachlan
What is a voyage charter?
• Agreement between a shipowner and a
charterer for carriage by a named vessel of a
specified quantity of a specified commodity
from a named place(s) to another named
place(s), in return for agreed sum of freight.
• Shipowner pays all vessel operating expenses
(“running costs” and voyage expenses, except
where otherwise agreed (e.g. FIO terms).
• Similar to taxi-cab hire.
• Also called spot charter.
Shipowner’s obligations
1. Bring ship to agreed loading place by midnight on
cancelling date.
2. Tender NOR as specified in Notice of Readiness Clause
within agreed lay/can period.
3. Keep ship available to charterer during agreed laytime
period (for charterer’s port operations).
4. Load and carry cargo with “all possible despatch” to
agreed destination.
5. Tender NOR on arrival at agreed destination if required
by C/P.
6. Deliver cargo to receiver on presentation of an original
B/L.
7. Pay all vessel operating expenses and voyage
expenses except whether otherwise agreed.
Charterer’s obligations