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Chartering

CF&S Estonia offers chartering services. A chartering contract is a contract whereby a shipowner rents a vessel to the owner of the cargo for the carriage of cargo from one port to another, or for a fixed time.  It is a complex operation requiring knowledge of the freight transport market, the types of vessels used, shipping laws, and the specific shipping language. If it seems complicated, don’t worry, we have a solution. Our shipbrokers will do all the work for you. You can be sure that you will get the most competitive price and the best terms for your charter contract. Our brokers have a very large network of shipowners, allowing us to find the right ship you need.

The experience of CF&S Estonia enables us to meet all your transport needs. We transport bulk, general cargo, and liquids.

Some of our services include:

  • Freight forwarding services
  • Voyage and time chartering; chartering contracts.
  • Negotiations with shipowners
  • Calculation of demurrage charges (overrun of the time allowed for loading or unloading) and downtime.
  • Settlement of claims and protection of the client’s commercial interests
  • Arranging cargo survey

We can also find the right vessel for very large cargo volumes, from 1,000 tons to 100,000 tons or more.
Our network of contacts and years of experience enable us to transport your goods in the Baltic Sea, the Mediterranean, and the rest of the world.

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Contact

Andrei Konkov
shipbroker
FICS
Andrei Konkov
Daimar Truija
sales director
Daimar Truija

What is the procedure for getting started with chartering?

It begins when a cargo owner contacts a shipbroker and sends a freight enquiry that includes cargo name and quantity, ports of loading and discharge, shipping dates, cargo loading/discharging speed. This is then followed by the shipbroker’s search in the freight market with a request to find a vessel that can fulfil the need according to the cargo’s nature.

What do you mean by Charter Party Document?

It is a shipping contract between the shipowner and the charterer. It is made to let a cargo owner use a ship for transporting cargo.

How many types of Charter Parties are there?

CF&S Estonia AS provides its services for all kinds of voyage and time-charter parties.

What do you mean by ‘Laytime’ in chartering?

Laytime refers to the amount of time allowed for cargo loading and discharging. The Charter Party in force specifies this time given in hours, tons per day, etc.

What does ‘Laycan’ mean in terms of chartering?

“Laycan is an abbreviation for Lay-days and Cancelling Date”.  It is the “period during which the shipowner must tender notice of readiness to the charterer that the ship has arrived at the port of loading and is ready to load”.

What do you mean by a Disponent Owner?

Any person or firm that takes complete control of a vessel over from a legal, legitimate shipowner.

How are freight rates calculated?

The freight rates vary on a voyage-to-voyage basis. Each voyage or Time Charter is calculated separately.

What is the role of a Charter Party Bill of Lading?

This Bill of Lading has 3 functions: a receipt for the goods shipped on board a vessel; a document of title to the goods; evidence of a shipping contract – Charter Party.

What does the term ‘Reversible Laytime’ mean?

It refers to a system that calculates the cargo’s loading and unloading times together.

What are the causes of demurrage?

Most of the reasons for demurrage pertain to the shipper/receiver or port. Demurrage goes into effect if there has been a failure to load/discharge the ship within the agreed time.

How you can make a payment on a voyage charter?

There are several ways to make payment: either on a per-ton basis or on a lumpsum basis. Per-ton basis requires the cargo owner to pay for every ton of freight loaded.  When transporting heavy-weight cargo, payment via lumpsum basis applies.

What differentiates time charter parties from voyage charter parties?

Under time charter parties, the shipowner assumes the responsibility of a ship’s technical operations. The charterer, meanwhile, takes control over the commercial aspects. Under a voyage charter, the shipowner assumes both the technical and the commercial operations.

When should the freight be paid?

Usually, the freight is paid before vessel’s arrival at the port of discharge. However, you may negotiate different payment options.

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