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:
“I long ago lost a hound, a bay horse, and a turtle-dove, and am still on their trail. Many are the travellers I have spoken concerning them, describing their tracks and what calls they answered to. I have met one or two who had heard the hound, and the tramp of the horse, and even seen the dove disappear behind a cloud, and they seemed as anxious to recover them as if they had lost them themselves.”
—Henry David Thoreau (1817–1862)
“In Europe, charters of liberty have been granted by Power. In America ... charters of power [are] granted by liberty.”
—James Madison (1751–1836)