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What is organization's charter?
An organization's charter is a formal document that creates the organization as a legal entity. It defines or mandates its functions and lays down rules for conduct and/or governance. For business, charter is an alternative term for articles of incorporation. Charter is also used when a group uses another business's assets for an agreed upon time. For example, in a voyage charter, the charterer hires the vessel for a single voyage, while the vessel's owner provides the master, crew, bunkers and supplies. In a time charter, the vessel is hired for a specific amount of time. The owner still manages the vessel but the charterer gives orders for the employment of the vessel, and may sub-charter the vessel on a time charter or voyage charter basis.
What are the release dates for Loading a Vessel at Charleston S-C- - 1902?
Loading a Vessel at Charleston S-C- - 1902 was released on: USA: April 1902
What is arrival draft and departure draft of vessel?
Arrival draft means the deepness of the vessel under water when the cargo is loaded in the vessel, and departure draft means the deepness of the vessel under water after the cargo is discharged fully or partially.
What to call vessel arrival?
Vessel arrival can be referred to as "ship docking," "berthing," or simply "arrival." In maritime logistics, it may also be termed "port call" when a vessel arrives at a port to load or unload cargo. The specific terminology can vary based on the context, such as commercial shipping or recreational boating.
What is a Vessel Nomination?
Contracts of sale of commodities may provide for declaration by buyer or seller of loading or discharge ports (out of a geographical range). An election of this type is a nomination. In FOB vessel contracts, buyer must nominate, i.e., designate by name, the vessel(s) to perform, or lift the grain. Vessel nominations are contractually required to be made with pre-advice, q.v. Voyage charter parties sometimes do not specify a vessel name, but state instead that vessel is to be nominated; subsequent designation of the vessel name by vessel owners to charterers is called a nomination.
What vessel carries its own loading equipment?
Cargo ship
What is time chartering?
Time chartering is an agreement between a shipowner and a charterer where the charterer hires the vessel for a specific period of time. The charterer pays a fixed rate for the use of the vessel along with operational costs. During the charter period, the charterer has more control of the vessel compared to a voyage charter.
What is charter party?
A charter party is a legal contract between the owner of a vessel and a charterer, outlining the terms under which the vessel will be hired for transporting goods or passengers. It specifies details such as the duration of the charter, the payment terms, and the responsibilities of both parties. There are different types of charter parties, including time charters and voyage charters, each serving specific operational needs in maritime transportation. This agreement is essential for defining the rights and obligations of both the vessel owner and the charterer.
What is a voyage charter?
A voyage charter is the most common method in chartering a tramp ship. in this set-up, a ship is chartered for a one-way trip between specific ports. The ship usually carries a specified cargo at a negotiated rate of freight.
What is time charter back?
A time charter back is a maritime arrangement where a shipowner leases a vessel to a charterer for a specified period, and then the charterer sub-leases the same vessel back to the owner for a different period. This practice allows the owner to continue operating the vessel while providing the charterer with flexibility in managing shipping needs. The arrangement can be beneficial for both parties, as it helps optimize vessel utilization and financial arrangements.
What does the expression 'bareboat charters' mean exactly?
The expression 'bareboat charter' means that the renter is only renting the vessel and not any crew or provisions. This means the renter is responsible for running the vessel.
What is fore pick on a cargo vessel?
Fore pick on a cargo vessel refers to the lifting of cargo from the fore (front) part of the ship, typically using cranes or other loading equipment. This process is crucial for efficiently loading and unloading goods, ensuring proper weight distribution and stability of the vessel. It involves careful planning and coordination to maintain safety and minimize damage to the cargo and the ship.
