What is Voyage Charter?
Voyage Charter A shipping contract where a vessel is hired for a single voyage between specified ports, with payment based on cargo quantity or lumpsum.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Voyage Charter” Used in Practice?
The exporter signed a voyage charter for a one-time shipment of steel coils from Rotterdam to Shanghai.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Voyage Charter?
A shipping contract where a vessel is hired for a single voyage between specified ports, with payment based on cargo quantity or lumpsum.
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