MARKET TRAINS AND FLIGHT TRAINS: CHOOSING THE APPROPRIATE METHOD
The method of transporting goods by ship has been playing an important role in world trade and logistics. Among them, there are two main methods for renting a ship: renting a market ship and chartering a cruise ship. Both of these methods have their own advantages and disadvantages, suitable for the specific situations and needs of each customer. This article will specifically present and compare the advantages and disadvantages of chartering a market boat and chartering a charter boat, helping you better understand how both methods work as well as how to choose the one that suits your needs. business demand.
1. What is a market train?
Market ships are ships that run regularly on a certain route, calling at specified ports and following a predetermined schedule.
Chartering a market train is also called liner booking. In chartering a ship, the shipper directly or through a broker requests the ship owner to rent a part of the ship to transport goods from one port to another.
2. Advantages and disadvantages of chartering a market ship:
a) Advantages:
+ Unlimited number of goods
+ Loading and unloading is usually done by the ship owner, so the procedure is simple
+ Calculating delivery conditions in trading is easy, because the train runs according to a predetermined schedule
+ Convenient for shippers in calculating business efficiency because based on the tariff, freight can be calculated in advance.
+ Shippers are very proactive in storing freight
+ Boat rental procedures are simple and fast
b) Disadvantages:
+ The ship charter fee per unit of cargo transported is often higher than the ship charter fee: because loading and unloading costs are included and because market ships often do not utilize the full tonnage, the part of the ship running empty must be included.
+ Legally, charterers are often in a weak position because they are not free to agree on transport conditions but must accept the pre-printed conditions in the bill of lading.
+ This method is not flexible in organizing transportation if the loading or unloading port is outside the ship's specified itinerary.
3.What is a trip train?
A cruise ship is a ship that does not run regularly on a certain route, does not visit certain ports, and does not follow a predetermined schedule.
Voyage is when the ship owner (Ship owner) leases the entire ship to the charterer to transport goods from one port to another. In the voyage charter method, the relationship between the charterer (shipper) and the lessor (shipowner) is governed by a document called the voyage charter party (Voyage charter party), abbreviated as C. /P. And the charter contract will be signed by both parties.
4. Advantages and disadvantages of chartering a ship:
a) Advantages:
+ High flexibility: can request loading and unloading at any port and can change loading port easily
+ Boat rental rates are cheaper than market trains
+ The charterer is free to agree on all terms in the contract and is not required to accept as in the market charter method.
+ The speed of transporting goods is fast because charter ships often run straight from the loading port to the unloading port, rarely stopping at ports along the way
b) Disadvantages:
+ The technique of chartering a ship and signing a contract is very complicated because it requires negotiation time
+ Rates fluctuate frequently and very strongly, requiring tenants to master the market
+ In reality, people often hire ships to transport bulk goods in large quantities such as coal, ore, grain, etc.
Above are some shares about market trains and trips. If you have questions that need answering or need to transport import and export goods, please contact Macsco Logistics immediately with a team of many years of experience for the fastest and most accurate support.
For further information and questions, please contact:
MACSCO LOGISTICS LIMITED
Address: 64 Nguyen Dinh Chieu, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam
Phone: (84 28) 6270 6576
Email: anna@macsclogistics.com
Website: https://macscologistics.com
