Question
Voyage charter and Time charter
Answer :
Word Count : 168
| Feature | Voyage Charter | Time Charter |
|---|---|---|
| Definition | A contract where a ship is hired for a specific voyage between designated ports with a specified cargo. | A contract where a ship is hired for a specific period of time, regardless of the number of voyages. |
| Risk | The shipowner bears the risk of operational costs, fuel, and crew. | The charterer bears costs like fuel, port charges, and sometimes loading/unloading. |
| Control over Ship | The shipowner manages the ship and decides ________ _________ _______ ____ _____ __________. ___ _________ _______ ______ _____ __________ ____. __________ ______ _____ _______ ________ _____. __________ ________ _________ ________ ___. __________ _____ ______ __________ ___ _________. ______ _______ ___ _________ ________ ___ ______ _________ _______. _____ ___ ______ __________ ___ ________ _________. ______ __________ _____ _______ ___ ____ ______ ________ _______ _________. ____ _____ _________ ______ __________ ____ _____ _________. ___ ______ ___ _______ ________ _________ _______ ____ _________ __________ _________. ___ __________ ____ ______ ________ __________ ______ ____ _____ _____. ____ __________ _______ ________ ________ ______ _____ _______ __________ ____ ___ ________. _______ ________ ___ _________ _____. IGNOU ACADEMY Your IGNOU journey, made easier.
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