Ship Chartering Services - Voyage Charter - Time Charter

Would like to take this opportunity to introduce our Company "STAR OF SEAS MARINE ENTERPRISES" called as SOSME managed by Marine Professionals having its Registered Office in Mumbai (H.O) and Branch @ Visakhapatnam and other prominent ports in collaboration with performing Partners.

We are a MTO License holder and Steamer Agents Licensee besides being a big player in Shipping Containers Trading in volumes, from Mumbai, Vizag, Chennai, Mundra, providing big quantity from various prominent locations including Overseas.

Besides Container trading, we are into Ship Chartering, Import/Export, freight forwarding, Customs & Cargo Clearance, Bulk handling, Stevedoring, NVOCC, Logistics, Ships S&P, Marine consultancy, Ship management & Air Freight services. Our company profile is attached herewith for your easy reference.

There are three main types of charter:

• A demise charter, or BareBoat Charter, is an arrangement for the hiring of a vessel whereby no administration or technical maintenance is included as part of the agreement. The charterer obtains possession and full control of the vessel along with the legal and financial responsibility for it. The charterer pays for all operating expenses, including fuel, crew, port expenses and P&I and Hull Insurance. In commercial demise chartering, a subtype of BareBoat Chartering, the charter period may last for many years and may end with the charterer acquiring title (ownership) of the ship. In this case, a demise charter is a form of hire-purchase from the owners, who may well have been the shipbuilders. Demise chartering is common for tankers and bulk-carriers.
• 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 Lump-Sum basis. The owner pays the port costs (excluding Stevedoring), fuel costs and crew costs. The payment for the use of the vessel is known as Freight. A voyage charter specifies a period, known as Laytime, for loading and unloading the cargo. If laytime is exceeded, the charterer must pay deurrage. If laytime is saved, the charter party may require the shipowner to pay dispatch to the charterer.
• A time charter is the hiring of a vessel for a specific period of time; the owner supplies the vessel and crew, but the charterer selects the ports, route and vessel speed – a significant determinant of CO₂ emissions. The charterer pays for all fuel the vessel consumes, port charges, commissions, and a daily hire to the owner of the vessel. The charterer in this sense takes full operational control of the vessel during the time charter period