Term | Definition |
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Time charter | Sea transportation services that are provided by hiring a vessel for a certain period of time for a fee called
With the development of the world transport system, the concept of freight has spread to air (English air freight) and land (English land freight) transport. " >freightas a rule, based on the monthly rate per ton of deadweight or daily rate. During the agreed terms, the charterer has the right to use the vessel as he sees fit, however, the shipowner continues to operate his vessel through the captain and crew who remain on board. |