Time Charter lets you hire the vessel for a defined period (months or years), granting greater route flexibility and operational control. It suits supply chains with steady demand and varying ports.

Benefits

• Guaranteed vessel availability during the agreed period.
• Flexibility to adjust calls and routes as business needs evolve.
• More control over loading windows, itineraries and prioritization.

Practical example

A 6-month program between Mexico and Chile with recurring liftings: the charterer adjusts ports and laycans to match demand, cutting waiting times and improving customer service.

Good practices

• Track performance and fuel consumption closely.
• Clear off-hire, maintenance and bunker clauses.
• Proactive management of alternative ports and congestion.