🔍 Key Concepts

• Voyage vs. time charter – what is being “hired”: the ship’s carrying capacity for one trip, or the ship’s time? • Demise/bareboat charter – who has control and operates the vessel: owner or charterer? • Key phrase: "one voyage" and "rate per ton" – what kind of charter normally uses that wording?

💭 Think About

• Ask yourself: Is the charterer paying for the use of the ship over a period of time, or to move one specific cargo on one specific route? • Does the question say anything about the charterer taking over crewing, operation, and navigation of the vessel? If not, which types can you likely rule out? • Which type of charter commonly bases payment on cargo actually carried (per ton) for a single trip between named ports?

✅ Before You Answer

• Identify whether the charterer or owner keeps responsibility for running the vessel – crewing, navigation, maintenance. • Note that "one voyage" and a “rate per ton” of cargo are classic indicators of a specific charter type – confirm which one that is in your notes. • Eliminate any charter types that normally involve longer periods of time or full operational control being transferred to the charterer.