Vessel Charter | Texas Global Services
Depending on the type of ship and the type of charter, normally a standard contract form called a charter party is used to record the exact rate, duration and terms agreed between the shipowner and the charterer. Texas Global Services provides these services and all documentation required for vessel chartering.
Demise Charter: or Bare Boat 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.
Voyage Charter: The hiring of a vessel and crew for a voyage between a load port and a discharge port. The charterer pays the vessel owner on a per-ton or lump-sum basis. The owner pays the port costs (excluding stevodoring), fuel costs and crew costs. The payment for the use of the vessel is known as freight. A voyage charter specifies a period, known as laytime, for loading and unloading the cargo. If laytime is exceeded, charterer is responsible for demurrage. If laytime is saved, the charter party may require the shipowner to pay despatch to the charterer.
Vessel Chartering Houston | Texas Global Services
6046 FM2920 #307
Spring, TX 77379
