MOLOO – More or Less in Owner’s Option – Option allowed to a shipowner to carry up to a certain quantity, normally expressed as a percentage or number of tons, over or under a quantity specified in the voyage charter.
What is Fiost in shipping?
“Free in and out, stowed and trimmed” “Loaded, stowed, trimmed and discharged free of expense to the vessel.” (FIOST)
Where the ship owner becomes liable to pay to the charterer or receiver when the loading or discharging process is completed before the Laydays have expired?
Despatch money or despatch is defined as an agreed amount payable by the owners if the vessel completes loading or discharging before the laytime has expired.
What are chartered vessels?
When a ship is hired or freighted by one or more merchants for a particular voyage or on time, it is called a chartered ship. It is freighted by a special contract of affreightment, executed between the owners, ship’s husband, or master on the one hand, and the merchants on the other.
What is lay days in shipping terms?
Laydays. Laydays can be defined as the days kept aside in a ship’s voyage schedule for loading and unloading of the cargo. Laydays represent the time at which a ship must reach the charterer for cargo operations. Laydays are decided on the basis of the type and amount of cargo.
What is the Notice of Readiness document used for?
A Notice of Readiness (“NOR”) is a notification by the vessel that she is ready to start the charter service (upon delivery) or is ready to load or discharge cargo. Giving an NOR has two purposes: (i) to inform the charterers that the vessel is at their disposal; and (ii) to start the running of hire or laytime.
What does mean Laycan?
The term “laycan” is frequently used in sale contracts to refer to the delivery period of the cargo. However, “laycan” is a charterparty term, referring to the period during which the vessel must arrive at port. For example, the buyer will have no right to reject the cargo if it is not loaded within the “laycan”.
What is trimming in shipping?
marine. Adding, removal or shifting of weight in a ship to achieve the required forward and aft draughts.
What is the difference between charterer and shipper?
Charterer is the party that has chartered (think of simple word “hired”) the ship. If the shipper has chartered the entire ship then shipper will also be the charterer. This is particularly the case if there are more than one shippers.
How much does a ship charterer make?
Ship Broker salary in India ranges between ₹ 0.4 Lakhs to ₹ 38.2 Lakhs with an average annual salary of ₹ 7.7 Lakhs.
What is time charter rate?
Time charter equivalent is calculated by taking voyage revenues, subtracting voyage expense, including canal, bunker and port costs, and then dividing the total by the round-trip voyage duration in days. It gives shipping companies a tool to measure period-to-period changes.
Why choose Molo for your freight?
MoLo was founded with drivers in mind. We have the utmost respect for drivers. We care. Carriers tell us that MoLo is fair and reliable. access with MoLo. Want different? Join us. Fair pay, dedicated freight, clear communication. We work hard for drivers every day – it’s our priority.
What does Moloo stand for?
MOLOO stands for. More or Less Owners Option + 3 . business, cargo shipping. More or Less at Owners Option. business, english, spanish. More Or Less in Owner’s Option. business, cargo.
Why choose Molo for your champion?
Drivers deserve to have a champion who looks out for them. MoLo was founded with drivers in mind. We have the utmost respect for drivers. We care. Carriers tell us that MoLo is fair and reliable. access with MoLo. Want different? Join us.
How is the stability of the cargo monitored?
When cargo is loaded / discharged, the stability is monitored by a computer, which takes into account the weight and position of cargo within the vessel. · SUPERCARGO = Person employed by a ship owner, shipping company, charterer of a ship or shipper of goods to supervise cargo handling operations. Often called a port captain.
