A shipping company who transports goods in containers by sea , with a fixed route and schedule (timetable) , and with a high level og cargo safety is called a Liner. This is similar to an air line or bus line(service), on a route with fixed stoppings as per predetermined timetable. These services will continue to run irrespective of whether the airoplane/bus is full or empty as they have to strictly keep their timings and route. Similarly cargo liners too have to stick to the fixed schedule and route irrespective of whether the vessel is full or not.
What is Tramp service ?
The dry bulk and liquid cargoes are generally refered as 'Tramp Trades' and the vessels used to transport these cargoes are called 'Tramp Ships' . Tramp services will not have a fixed route . The ships goes from one port to other depending up on the cargo availability. Tramp services could be compared to a taxi service which is hired to go from one place to another for a single travel. After completing that trip, next employment must be seeked.
What is chartering ?
Chartering is a term used in shipping for hiring a ship. Depending on the type of ship and the type of charter, normally a standard contract form called a charter party is used to record the exact rate, duration and terms agreed between the shipowner and the charterer. There are various types of chartering , they are
1. A voyage charter is the hiring of a vessel and crew for a voyage between a load port and
a discharge port.
2. A time charter is the hiring of a vessel for a specific period of time;
3. A bareboat charter is an arrangement for the hiring of a vessel whereby no administration
3. A bareboat charter is an arrangement for the hiring of a vessel whereby no administration
or technical maintenance is included as part of the agreement.
4. A demise charter shifts the control and possession of the vessel; the charterer takes full
control of the vessel along with the legal and financial responsibility for it.
