Glossary
Split Charter
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A charter agreement where the shipper hires only a portion of the vessel for a specific voyage.
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What is a Split Charter?
A split charter refers to a situation in which a single vessel is chartered by two or more shippers for the transportation of their cargo. In this case, each shipper pays only for the space that they use on the vessel, and the cost of the charter is split between the shippers in proportion to the amount of cargo they have on board.
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