Ballast Bonus is best described as?

Study for the Chartering and Brokerage Test. Master ship chartering and brokerage concepts with multiple choice questions and detailed explanations. Get ready to excel!

Multiple Choice

Ballast Bonus is best described as?

Explanation:
Ballast leg refers to the part of a voyage when the ship sails without cargo to reposition to where it will load. Since this leg doesn’t earn freight, the charterer may offer an extra payment to compensate the owner for the costs and lost revenue of sailing in ballast. That additional payment is the ballast bonus, and it is described as an extra payment covered by the charterer. It is not related to ballast water treatment, nor a penalty for delays, nor a charge for loading ballast water.

Ballast leg refers to the part of a voyage when the ship sails without cargo to reposition to where it will load. Since this leg doesn’t earn freight, the charterer may offer an extra payment to compensate the owner for the costs and lost revenue of sailing in ballast. That additional payment is the ballast bonus, and it is described as an extra payment covered by the charterer. It is not related to ballast water treatment, nor a penalty for delays, nor a charge for loading ballast water.

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