Who makes the recap for Time and Demise Charter voyages?

Who makes the recap for Time and Demise Charter voyages?

• A. Charterer's broker
• B. Owner's Broker
• C. Master
• D. Shipper's agent

Answer: (B)

In a time or demise charter, the recap of the voyage is typically prepared by the owner’s broker because they represent the shipowner and have the most up-to-date access to the vessel’s schedule, availability, and commercial terms. This recap summarizes key details like routing options, laytime and demurrage terms, freight structures, and any voyage-specific conditions, providing a clear, concise reference for both sides as they negotiate and align on the charter. The master handles the actual voyage execution, the charterer’s broker represents the charterer’s interests and may use or request such recaps, and the shipper’s agent deals with cargo operations rather than drafting voyage recaps.

In a time or demise charter, the recap of the voyage is typically prepared by the owner’s broker because they represent the shipowner and have the most up-to-date access to the vessel’s schedule, availability, and commercial terms. This recap summarizes key details like routing options, laytime and demurrage terms, freight structures, and any voyage-specific conditions, providing a clear, concise reference for both sides as they negotiate and align on the charter. The master handles the actual voyage execution, the charterer’s broker represents the charterer’s interests and may use or request such recaps, and the shipper’s agent deals with cargo operations rather than drafting voyage recaps.