Work out charter hire cost instantly with clear inputs, formula shown and shareable results.
Time charter hire accrues per day on hire. Off-hire periods — breakdown, deviation for owner's purposes, drydocking — are deducted, and address commission plus brokerage is taken off the gross, so the charterer's net payment is hire on on-hire days less commission.
Charter hire
Net hire = daily rate x (days - off-hire) x (1 - commission%)
Marine results are planning estimates only. Verify against the vessel's approved stability booklet, loading manual, class society rules and applicable maritime regulations before loading or sailing.
Typically breakdown, insufficient speed or consumption performance, deficiency of crew, or deviation for the owner's benefit, as defined by the charter party clause.
The charterer buys and pays for bunkers, while the owner pays crew, maintenance and insurance — which is why the fuel clause and speed warranty matter so much.