If time charterers hire a vessel for one voyage, why don’t they use a voyage charter?

Because a time charter party’s terms give the charterers control of the vessel’s commercial operations (i. e. her employment), whereas a voyage charter party’s terms do not.Β 

Many charterers, e. g. oilfield operators or drilling contractors hiring offshore support vessels, require this higher degree of control of the vessel. A bulk carrier loading coal for several discharge ports might be time- chartered so that the charterers can direct the ship’s scheduling, routeing, etc. as they require.


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Can time charterers direct the route that a ship takes, e. g. across the Pacific Ocean?

How long may the hire period be under a time charter?