Charter Types/ Time Charter (T/C)
Charter Types/ Time Charter (T/C) : A charter for varying periods of time, usually between two and ten years, under which the owner hires out the vessel to the shipper fully manned, provisioned, stored and insured. The charterer is usually responsible for bunkers, port charges, canal tolls and any crew overtime connected with the cargo. The charter rate (hire) is quoted in terms of a cost per month per deadweight ton
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