In Gross In, Gross Out terms, who pays for cargo loading and discharging?

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

In Gross In, Gross Out terms, who pays for cargo loading and discharging?

Explanation:
In Gross In, Gross Out terms, the vessel owner takes on the cargo handling at the port, including the loading and discharging of the cargo. This reflects liner terms, where the shipowner bears the costs and obligations of loading and discharging, while the charterer pays the freight and other non-handling charges. So the owner is responsible for both loading and discharging cargo. The other allocations would fit different term structures (for example, shifting loading or discharging costs to the charterer or splitting responsibilities), but they do not match the Gross In, Gross Out / liner terms arrangement.

In Gross In, Gross Out terms, the vessel owner takes on the cargo handling at the port, including the loading and discharging of the cargo. This reflects liner terms, where the shipowner bears the costs and obligations of loading and discharging, while the charterer pays the freight and other non-handling charges. So the owner is responsible for both loading and discharging cargo.

The other allocations would fit different term structures (for example, shifting loading or discharging costs to the charterer or splitting responsibilities), but they do not match the Gross In, Gross Out / liner terms arrangement.

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