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. As usual, his position was, "You've got to come and see me"; which they did, and, to use another of his phrases, they "paid through the nose" for the privilege.
Then a time charter, Norfolk, Virginia, loading mysterious contraband coal and sailing for South Africa under orders of the mysterious German supercargo put on board by the charterers.
If they start getting into games where they're functionally treating a time charter like a spot option, that will get out into the market and no one will time charter ships to them anymore," assserted Quartaro.
Time charter revenues were $115.7 million for the six months ended June 30, 2019, compared to $101.8 million for the same period of 2018...
According to the company, this is the second time charter contract for Concordia Maritime in recent months.
Time Charter, only sixth in the Eclipse on her previous run, was still third favourite, but not in her own camp.
In addition to the new building contract, GC Rieber Shipping has entered into a time charter agreement with Dolphin for the 3D seismic vessel "Geo Atlantic" for a fixed period of three and half years.
Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, has signed various new time charter agreements for seven of its Kamsarmax vessels to first class charterers.
See Howard Bennett's "Safe Port Clauses" (10) or Yvonne Baatz's "Clauses Paramount in Time Charters" (11) or Andrew Taylor's "Damages for Breach of Time Charter: Some Recent Developments", where the author concludes that awarding damages in each time charterparty case is very subjective, being "based on what the court considers to be fair" in the circumstances.
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.
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Myrto.
Following an impressive run since the end of 2017, time charter earnings have leveled off in recent weeks, a slowdown that began with smaller feeder vessels and has now spread to larger units.