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

Costs of:Β 

(1) crew wages and travel; (2) management fees; (3) hull and machinery and P&I insurance premiums; (4) stores; (5) lubricants; (6) spare parts; (7) maintenance and repairs; (8) survey and certification; and (9) drydocking. Running costs are calculated as a fixed daily cost.

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What costs are included in “voyage costs”?

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