Shipping Law

Simon Baughen

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CHAPTER 10 Voyage Charterparties – Payment of Freight

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CHAPTER 10 Voyage Charterparties – Payment of Freight

Voyage Charterparties – Payment of Freight

Page 216

What is freight?

The primary payment obligation under a voyage charter is freight. Freight is a fixed price for a particular voyage carrying a particular cargo or cargoes. It includes the shipowner’s operating costs, such as crew wages, the fuel consumed on the voyage and the shipowner’s profit margin.

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