In negotiating a charter that includes 12 hours turn time in the load terms, what type of charter is it?

In negotiating a charter that includes 12 hours turn time in the load terms, what type of charter is it?

• A. Time Charter
• B. Bareboat Charter
• C. Voyage Charter
• D. Demise Charter

Answer: (C)

The key idea is laytime—the time allowed to load and discharge cargo at the ports under a charter party. A voyage charter is set up for moving cargo on a specific voyage and includes defined turn time (laytime) for loading at the load port. In this case, 12 hours are allotted for loading, which is exactly the kind of time control you see in voyage charters, with demurrage if more time is needed and dispatch if less. Bareboat or demise charters transfer possession and operation with no fixed port loading window tied to a voyage, and a time charter hires the vessel for a period rather than for a single voyage, also lacking a laytime arrangement tied to loading. So the scenario fits a voyage charter.

The key idea is laytime—the time allowed to load and discharge cargo at the ports under a charter party. A voyage charter is set up for moving cargo on a specific voyage and includes defined turn time (laytime) for loading at the load port. In this case, 12 hours are allotted for loading, which is exactly the kind of time control you see in voyage charters, with demurrage if more time is needed and dispatch if less. Bareboat or demise charters transfer possession and operation with no fixed port loading window tied to a voyage, and a time charter hires the vessel for a period rather than for a single voyage, also lacking a laytime arrangement tied to loading. So the scenario fits a voyage charter.