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

(1) To provide the agreed cargo at the agreed loading port; (2) to load the cargo within the agreed period of laytime; (3) to pay owners the agreed rate of freight at the agreed time. Where “free in and out” (FIO) terms are agreed they must pay cargo-handling costs at both ends.

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Written by Ship Inspection

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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?

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