The ballast leg is covered by which payment?

Prepare for your Chartering and Brokerage Exam. Use multiple choice questions, flashcards, hints, and explanations to enhance your study. Get set to ace your exam!

Multiple Choice

The ballast leg is covered by which payment?

Explanation:
In voyage chartering, a voyage is made up of two main legs: ballast, when the ship sails empty to pick up cargo, and laden, when it carries cargo to the destination. The compensation for the entire voyage is arranged so that the ballast portion is covered by the ballast leg payment. Even though there’s no cargo during ballast, the vessel still needs to be paid for repositioning, and that payment aligns with the ballast leg. The other terms describe cargo-carrying segments or separate concepts (off-hire), which aren’t the specific payment for the empty, ballast portion.

In voyage chartering, a voyage is made up of two main legs: ballast, when the ship sails empty to pick up cargo, and laden, when it carries cargo to the destination. The compensation for the entire voyage is arranged so that the ballast portion is covered by the ballast leg payment. Even though there’s no cargo during ballast, the vessel still needs to be paid for repositioning, and that payment aligns with the ballast leg. The other terms describe cargo-carrying segments or separate concepts (off-hire), which aren’t the specific payment for the empty, ballast portion.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy