Laytime vs Demurrage: What’s the Difference?
If you’ve ever stared at a charter party wondering why your vessel is racking up charges while it just sits at anchor, you’re not alone. Laytime and demurrage are two of the most misunderstood terms in maritime shipping and misunderstanding them is expensive. Charterers, shipowners, brokers, and even cargo insurers deal with these terms constantly. […]
How to Charter a vessel: The Complete Guide
According to the latest data, international shipping transports nearly 11 billion tons of goods each year, making it the linchpin of global trade. Ship chartering enables reliable cargo and passenger transport, moving goods like grain, petroleum, and containers between global ports. Those new to the shipping industry often lack an understanding of how to charter […]