A Ship on Time Charter : Here is All a Seafarer need to know Most of the seafarers consider shipping business as a difficult subject. Not that it is so much difficult. But because it is not something we deal with day in day out. We know how much we need to know to get the days to go on. And this was perfectly Ok until a few years back. But now, each minute matters and each hour of off-hire need explaining. That makes it so much important for we seafarers to understand shipping business. Today in this blog, we will discuss about time charter and what seafarers need to be aware of when the vessel is under a time charter. Ship Charter Shipowner buys a ship to earn a hire by letting someone (the shipper) use the space on their ship to carry cargo from one place to other. In the ideal world, the shipper has the cargo and should directly contact a shipowner for transporting their cargo. In the real world, it is difficult. Why? When w...
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