Vessel Chartering Business

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Boreboat Charter

Bareboat charter: The charterer is responsible for all operating costs, including crew hiring and supplies, and is commonly found in long-term contracts of 10 years or more.

Time Charter

Regular Charter (Time Charter, T/C): The charterer pays rent daily or monthly for a certain period (such as several months to several years), and the ship's operation is controlled by the charterer, but the crew is hired by the shipowner.

Voyage Charter

Voyage Charter: The most common method is to calculate freight based on the actual amount of cargo loaded (tons or volume) or the agreed voyage, with operating costs borne by the shipowner.