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Under a voyage charter, which party is responsible for the ship’s running costs (or vessel operating expenses) and voyage costs?

Owners are generally responsible for both running costs (or vessel operating expenses) and voyage costs, except where “free in and out” (FIO) terms are agreed, in which case the charterer pays all cargo-handling costs at both ends. (In some cases the arrangement is “free in/liner out” or FILO, or liner in/free out” or LIFO, relieving owners of cargo-handling costs only at one end. )

What do you think?

Written by Ship Inspection

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What costs are included in “running costs” or “vessel operating expenses”?

What are charterers’ usual basic obligations under a voyage charter party?