56 
Most of the seafarers consider shipping business as a difficult subject.
Not that it is so much difficult. But because it is not something we deal with day in day out.
We know how much we need to know to get the days to go on.
And this was perfectly Ok until a few years back.
But now, each minute matters and each hour of off-hire need explaining.
That makes it so much important for we seafarers to understand shipping business.
Today in this blog, we will discuss about time charter and what seafarers need to be aware of when the vessel is under a time charter.
Ship CharterShipowner buys a ship to earn a hire by letting someone (the shipper) use the space on their ship to carry cargo from one place to other.
In the ideal world, the shipper has the cargo and should directly contact a shipowner for transporting their cargo.
In the real world, it is difficult.
Why?
When we need to buy land, it is difficult to find a direct seller. Same goes for the seller for whom it is difficult to find a direct buyer.
We approach a property dealer who has a number of sellers as well as buyers for different properties.
Middleman is required quickly and easily find what we need.
In the shipping busi...
Join now to access this article and much more.
Admin has placed this article behind a paywall, making it accessible only with a paid membership, which offers numerous perks:
- Contribute to creating a platform for reading and writing without ads.
- Enjoy all content here, including exclusive articles for members.
- Gain access to all exclusive articles for members.
About Capt Rajeev Jassal
Capt. Rajeev Jassal has sailed for over 24 years mainly on crude oil, product and chemical tankers. He holds MBA in shipping & Logistics degree from London. He has done extensive research on quantitatively measuring Safety culture onboard and safety climate ashore which he believes is the most important element for safer shipping.
Comments (56)