Maritime Glossary
Voyage Charter
Also known as: V/C
A charter under which the owner carries a specific cargo between agreed ports for a freight rate per cargo unit or lump sum.
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Full Definition
Under a voyage charter, the owner bears operating and voyage costs (fuel, port dues); the charterer pays freight per tonne, per TEU, or as a lump sum, and bears loading/discharging costs unless specified otherwise (FIO/FIOS/FIOST). The owner must provide a seaworthy vessel and prosecute the voyage with reasonable dispatch. GENCON is the most widely used general voyage charter form. Laytime, demurrage, and dispatch are the key commercial variables.
Domain Tags
commercialchartering