Tramp Charters
The tramp ship is a contract carrier. Unlike a liner, often called a common carrier, which has a fixed schedule and a published tariff, the ideal tramp can carry anything to anywhere, and freight rates are influenced by supply and demand. To generate business, a contract to lease the vessel known as a charter party is drawn up between the ship owner and the charterer. There are three types of charters, voyage, time and demise.
Read more about this topic: Tramp Trade
Famous quotes containing the words tramp and/or charters:
“The poor, stupid, free American citizen! Free to starve, free to tramp the highways of this great country, he enjoys universal suffrage, and by that right, he has forged chains around his limbs. The reward that he receives is stringent labor laws prohibiting the right of boycott, of picketing, of everything, except the right to be robbed of the fruits of his labor.”
—Emma Goldman (1869–1940)
“In Europe, charters of liberty have been granted by Power. In America ... charters of power [are] granted by liberty.”
—James Madison (1751–1836)