What is Voyage Charter?
Voyage Charter A Charter Party agreement for the hire of a vessel for a single specified voyage, with terms covering freight, laytime, and demurrage between load and discharge ports.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Voyage Charter” Used in Practice?
A Voyage Charter is commonly used for bulk cargo, with the shipowner responsible for vessel operation only during the specified voyage.
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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 Charter Party agreement for the hire of a vessel for a single specified voyage, with terms covering freight, laytime, and demurrage between load and discharge ports.
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