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:
“In the small circle of pain within the skull
You still shall tramp and tread one endless round
Of thought, to justify your action to yourselves,
Weaving a fiction which unravels as you weave,
Pacing forever in the hell of make-believe
Which never is belief: this is your fate on earth
And we must think no further of you.”
—T.S. (Thomas Stearns)
“In Europe, charters of liberty have been granted by Power. In America ... charters of power [are] granted by liberty.”
—James Madison (1751–1836)