This is an introductory article on time charters and voyage charters. There are three main types of charters in shipping: Voyage charter Time charter. Bareboat charter (demise charter). Charters are often compared to taxis because it is the most straightforward analogy to understand. Voyage charter Let’s begin with an example: Sergey orders an Uber to get to work. Sergei pays the price based on distance and traffic jams. He does not pay for gas and…
