Spot Charter (or Voyage)


Spot Charter (or Voyage) : A charter for a particular vessel to move a single cargo between specified loading port(s) and discharge port(s) in the immediate future. Contract rate (spot rate) covers total operating expenses, i.e., bunkers, port charges, canal tolls, crew's wages and food, insurance and repairs. Cargo owner absorbs, in addition, any expenses specifically levied against the cargo. (Maritime)
No records Found
afaatim.com copyright © April 2016 Dr.K.R.Kamaal. All rights reserved