Triwave Maritime

Commercial Fleet Chartering at Sea
Global Vessel Chartering & Spot Fixtures

Commercial Chartering &
Strategic Fleet Employment

Connecting shipowners, charterers, industrial shippers, and commodities traders with tailored Time Charter, Voyage Charter, Bareboat, and Contract of Affreightment (COA) agreements across global trading corridors.

Commercial Execution Matrix
Period Time Charters (TC) Short, medium & long-term employment with speed/consumption warranties.
Spot Voyage Charters & COA Single or consecutive voyage bookings with laytime & demurrage protection.
BIMCO Standard Recaps Drafted under NYPE, Gencon, Baltime, and Shelltime contract frameworks.
CONTRACTUAL ARCHITECTURE

Chartering Structures & Contract Types

Structured freight solutions balancing capital expenditure, operational exposure, and trading flexibility.

PERIOD HIRE

Time Charter (TC)

Chartering vessels for specified durations where the shipowner retains nautical/technical management while the charterer controls commercial routing, bunker procurement, and port calls.

  • Benchmark Daily Hire Rates
  • Strict Speed & Consumption Clauses
  • Standard NYPE / Shelltime Terms
SPOT FREIGHT

Voyage Charter (VC)

Transporting a specified cargo parcel from load port to discharge port under fixed freight rates per metric ton, including laytime calculations, demurrage, and despatch terms.

  • Fixed Per-Ton Ocean Freight
  • Dedicated Laytime Calculations
  • Gencon & Asbatankvoy Standards
BARE-HULL LEASE

Bareboat Charter (BBC)

Full operational and technical lease agreements where the charterer takes complete operational control, appointing crew, superintendents, insurance, and commercial operations.

  • Long-Term Fleet Expansion
  • Full Operational Sovereignty
  • Barecon Contract Structures
VOLUME FREIGHT

Contracts of Affreightment (COA)

Long-term industrial contracts to transport agreed total cargo volumes over multi-month or multi-year schedules without fixing a specific hull name upfront.

  • Guaranteed Freight Hedging
  • Flexible Tonnage Substitution
  • High-Volume Cargo Security
SECONDARY MARKET

Re-Charter & Sub-Chartering

Facilitating sublets and secondary fixtures when original charterers require capacity optimization, mitigating idle time during market lulls or altered shipping schedules.

  • Risk & Idle Time Mitigation
  • Arbitrage & Freight Optimization
  • Rapid Position Matching
REVENUE POOLS

Commercial Pool Employment

Integrating commercial tonnage into high-earning vessel pools to maximize earnings per deadweight ton (DWT) and stabilize Time Charter Equivalent (TCE) cash flows.

  • Balanced Revenue Distribution
  • Optimized Ballast Legs
  • Transparent Performance Auditing
OPERATIONAL COMPARISON

Charter Cost & Responsibility Matrix

Understanding cost allocation parameters across primary charter party structures.

Operational Variable Voyage Charter (VC) Time Charter (TC) Bareboat Charter (BBC)
Crewing & Seafarer Wages Shipowner Shipowner Charterer
Bunker Fuel Costs Shipowner Charterer Charterer
Port Disbursements & Canal Dues Shipowner Charterer Charterer
Hull & Machinery (H&M) Insurance Shipowner Shipowner Charterer
Vessel Technical Maintenance Shipowner Shipowner Charterer
Cargo Loading & Discharging Risk Agreed Laytime / Demurrage Charterer Charterer
DEAL INTEGRITY

The 4-Stage Chartering Lifecycle

01

Requirement & Position Analysis

Evaluating cargo laycan dates, stowage factors, required DWT, draft limits, and voyage routing parameters.

02

Market Tonnage Sourcing

Cross-matching off-market vessel positions and open cargo orders across primary international shipbroker networks.

03

Recap & Fixture Negotiation

Drafting clean charter party recaps protecting owner hire security, laytime definitions, and charterer liability.

04

Post-Fixture Operations

Continuous voyage tracking, laytime calculation audits, hire billing, bunker reconciliation, and dispute resolution.

COMMERCIAL CHARTERING DESK

Ready to Fix Your Next Cargo Voyage or
Secure Period Time Charter Tonnage?

Transmit your cargo volume, laycan dates, port rotation, and vessel specification requirements directly to our commercial broking desk.

Scroll to Top