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26 views9 pages

2 2a

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ahadinreallife
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Defining Charter Markets

• In the charter markets or “tramp trades”, the owner generally


intends that she will be “fixed” by shipbrokers on a succession of
charters.
• The ship may be employed in the voyage charter market (also
called the “spot market”) or in the time charter market,
• May be sub-chartered by the “head charterer” to another
charterer.
• The ship may simultaneously be employed under a contract of
affreightment
Charter Markets of the World

• These tramp freighters do not have regular lines or cargoes,


which means they can be fully adapted to the needs of each
cargo.
• Most ships employed in the charter markets are dry bulk carriers,
tankers, combination carriers, or reefer vessels, although there is
also a charter market for container ships and for vessels of
various special purpose types .
Charter Markets of the World

• Ship chartering contract is governed by shipping market forces


• Chartering market is negotiated in a free market, subject only to
the laws of supply and demand
• Relative bargaining strengths of the two parties depend on the
current state of the shipping market
• Shipowner and the charterer are able to negotiate terms entirely
free from any statutory interference
Dry Bulk Carrier Market Categories

• For charter marketing purposes, dry bulk carriers are


categorised by owners, charterers and brokers, and in
market reports according to dwt
Tanker Market Categories

• For charter marketing purposes, tankers are categorized by


owners, charterers, and brokers, and in market reports as
per dwt

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