{"@context":"https://schema.org","@type":"DefinedTerm","name":"Time Charter Agreement","description":"A time charter agreement is a contract under which the charterer takes commercial control of a vessel for a defined period – from a few weeks to several years – and decides independently on routes, cargo, and scheduling. The shipowner retains technical management: crew, maintenance, and hull insurance remain the owner's responsibility. The charterer covers the vessel's running commercial costs – bunkers, port dues, pilotage – and pays the owner an agreed daily hire rate. This distinguishes a tim","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/time-charter-agreement","inLanguage":"en","dateModified":"2026-06-26T12:26:20.769502","citation":"https://www.investopedia.com/terms/t/timecharter.asp","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/time-charter-agreement","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Time Charter Agreement · A time charter agreement is a contract under which the charterer takes commercial control of a vessel for a defined period – from a few weeks to several years – and decides independently on routes, cargo, and scheduling. · Quelle: https://www.investopedia.com/terms/t/timecharter.asp"}