Voyage Charter Law and Legal Definition
Voyage charter is a charter contract stating quantity and type of cargo, by a named vessel between named ports against an agreed price.
The voyage charter are useful for the following:
1.For a specific voyage
2.For a series of specific voyages
3.Part of the ship is chartered for the transport of a certain shipment or part cargo.
Under voyage charter, both the fixed costs and the variable costs are at the expense of a ship owner.
