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All main topics / Naval Architecture / Marine Transport and Economics / 15 Chartering Terms

Time charter

Ship earns hire, monthly or semi-monthly, The shipowner retains possession and mans and operates ship under instructions from charterer who pays voyage costs (see Chapter 3 for definition).

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Source: Maritime Economics, 3rd edition, page 176

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Flashcard info:

Author: andersson.j

Main topic: Naval Architecture

Topic: Marine Transport and Economics

School / Univ.: Chalmers

City: Gothenburg

Published: 15.10.2009

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