What is charter freight?

A voyage charter is the hiring of a vessel/Airline and crew for a voyage between a load port and a discharge port.. In some cases a charterer may own cargo and employ a ship/Air broker to deliver the cargo for an agreement. A voyage charter specifies a period, known as laytime, for loading and unloading the cargo.

If laytime is exceeded, the charterer must pay demurrage. Freight rates may be on a per-ton basis over a certain route. A charterer may also be a party without a cargo who takes a vessel/airline on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire rate by re-letting the ship out to other charterers.

A supply chain is a network between a company and its suppliers to produce and distribute a specific product or service. The entities in the supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.

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