Chartering And Shipping Freight

- May 15, 2018-

Some freight rates are calculated according to the amount of goods per unit weight or volume. Some stipulate the LUMPSUM FREIGHT. The rate is mainly determined by the supply and demand of the charter market, but it is also related to the distance of transportation, the type of goods, the loading and unloading rate, the use of the port, the division of loading and unloading, and the high and low commission. In the contract, the freight shall be calculated according to the shipping weight (INTAKEN QUANTITY) or the unloading weight (DELIVERED QUANTITY), and the freight shall be prescribed in advance or to be paid. Special attention should be paid to the time of freight payable, which is the date received by the shipowner rather than the date the charterer paid.

The division of loading and unloading costs:

(1) GROSS OR LINER OR BERTH TERMS is also known as "Liner terms".

(2) when the ship does not pay the FREE IN AND OUT--FIO, when the condition is adopted, it is also necessary to make clear who will bear the fare and the cabin fare. Generally stipulates the charterer's burden, that is, the ship does not pay for loading and unloading, and FREE IN AND OUT (STOWED), TRIMMED--F.I.O.S.T..

(3) the ship's square tube loading and unloading (FREE OUT--F.O.) conditions.

(4) ship pipe discharge (FREE IN--F.I.) condition.