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A voyage charter is the hiring of a vessel and crew for a voyage between a load port and a discharge port. The charterer pays the vessel owner on a per-ton or a lump-sum basis. The owner pays the port costs (excluding stevedoring ), fuel costs and crew costs.
A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a "charterer" for the hire of either a ship for the carriage of passengers or cargo, or a yacht for leisure. [1] Charter party is a contract of carriage of cargo in the case of employment of a (charter boat). It means that the charter party will clearly and ...
The global yacht charter market size was valued at $14.42 billion in 2022 and is expected to reach $15.71 billion in 2023. But how much does it cost to go on a yacht charter? The answer will ...
In the latter case, it is often the charterer's condition for the particular shipping agent to be appointed and it may be dictated by various reasons, but most probably – by the reason of close business relationships between the two. Also, local port regulations may leave no choice for the parties but to appoint a certain agent.
In 2008, 51% of shares of the Poti Sea Port and its management rights for 49 years were purchased by the United Arab Emirates-based RAKIA, which then obtained the remaining share. In April 2011, RAKIA sold 80% of its share to APM Terminals, a subsidiary of the Danish giant Maersk and withdrew from the port management. [ 2 ]
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The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa). Some operation of the company were listed as Hutchison Port Holdings Trust in Singapore Exchange . In 2016, the network comprised 48 port operations throughout Asia , the Middle East , Africa , Europe , the Americas and Australasia .
Academy Bus Lines is a bus company in New Jersey providing local bus services in northern New Jersey, line-run services to/from New York City from points in southern and central New Jersey, and contract and charter service in the eastern United States from Boston to Miami.