time charter


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time charter

n
(Commerce) the hire of a ship or aircraft for a specified period. Compare voyage charter
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There was scarcely a battered tramp on the Seven Seas that was not his on time charter.
Back to Australia, another time charter and general merchandise picked up at Sydney, Melbourne, and Adelaide, and carried on to Mauritius, Lourenco Marques, Durban, Algoa Bay, and Cape Town.
Time Charter did not get as close as Wind And Wuthering in her Newmarket bid, but she matched him as a meritorious runner-up.
The time charter agreement with MSC for the 1988-built, 4,828 TEU c/v MSC Mykonos, has been extended as from July 14, 2011 until September 1, 2017, at a daily rate of $20,000.
The m/v African Glory, a 1998 built and 23,515 dwt handysize dry bulk carrier, entered into a two (2) year time charter agreement with a profit sharing arrangement to a first class charterer.
15) Keith Michel, "War, Terror, Piracy and Frustration in a Time Charter Context" in Legal Issues, supra note 1, 199.
Time Charter had already enjoyed a fine season with victory in the Oaks at Epsom, as well as finishing runner-up in the 1000 Guineas, but came into the Newmarket race on the back of a defeat in the Nassau Stakes at Goodwood.
Time charter = The shipping company charters out its ships complete and crewed for a payment based on a certain sum per day.
When NewLead took delivery of Newlead Granadino in November 2014, the vessel was already chartered-out on a time charter agreement at a net charter-out rate of $8,900 for about nine months.
Additionally, the Company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Grain B.
Yet the family connection goes back much further than the Time Charter golden years to 1918 when Robert Barnett's great uncle, David Wallace Barnett, paid 270gns to acquire Best Terms' ninth dam, a yearling filly by Farasi named Athasi.
The Company has secured approximately 76 percent of the estimated working days for 2005 and 78 percent for 2006 under time charter contracts.