Fixture Notes: The Psychological Foundations of Maritime Chartering

Fixture Notes: The Psychological Foundations of Maritime Chartering

A Fixture Note serves as a charter confirmation document commonly used for the final confirmation of charter contracts. Although it is not entirely equivalent to a contract, it is often regarded as one in practice. The Fixture Note primarily includes vessel information, details of the shipowner and charterer, cargo description, loading and unloading ports, freight, deposits, loading and unloading rates, demurrage fees, and other related terms to ensure its legality and enforceability.

Shipping Industry Grapples with Complex Charter Terms Like PWWD, SSHINC

Shipping Industry Grapples with Complex Charter Terms Like PWWD, SSHINC

This article analyzes the meanings and practical applications of commonly used terms in charter party contracts: PWWD, SSHINC, and CQD. PWWD refers to 'Per Working Weather Day' and relates to the measurement of loading and unloading time; SSHINC specifies that Saturdays, Sundays, and holidays are included; while CQD represents the customary discharge speed at the port, with associated risks. These terms are crucial for ensuring the smooth operation of voyage charter agreements.