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Misarma Marine Sdn Bhd (MMSB) is a maritime company that offers a wide variety of marine-related services. One of the services that MMSB offer is Ship Chartering. The ability to charter ships is a key factor in making it easier to carry commodities across canals and seas. Whether you own a business, work in logistics, or are just interested in the marine sector, this blog will provide essential information about ship chartering services and their importance in international trade.

Misarma Marine Sdn Bhd chartering team can help and find you the right vessel for your operation. We at MMSB provide offshore ship chartering and operation services to our clients that operate within Malaysian waters. Ships and vessels can dock safely at our Misarma wharf in Miri.

Understanding Vessel Chartering

The meaning of the word chartering is renting a whole ship, in an agreement between a ship owner and a renting party, known as a charterer, who is then represented by a freight forwarder or a shipbroker. It refers to a process of hiring or leasing a vessel for transportation of goods or passengers. It entails a contract between the charterer (the party in need of the ship’s services) and the shipowner (the party that owns the vessel). The charterer may be a person, a company, or a government agency.

Benefits of Vessel Chartering

• Flexibility: Businesses may adjust to shifting trade patterns, fluctuating cargo quantities, and various shipping needs by using chartering.
• Cost- Effectiveness: For businesses with fluctuating shipping needs, chartering a vessel is an option that can be more cost-effective than owning a fleet.
• Global Reach: Ship chartering facilitates the transportation of goods to remote locations and regions with limited infrastructure, providing access to a global market.
• Specialized services: Chartering services allow businesses to access vessels with specific capabilities, depending on what is required for the job.

Vessel Chartering Process

• Market Research: The charterer must assess the requirement of the vessel such as the type of vessel needed, and factors like cargo volume, destination, and timeline.
• Chartering Enquiry: Charterer will ask for inquiries from the shipowners, listing the requirement of boats that they need and negotiating the terms of the charter party agreement.
• Fixture and Negotiation: A negotiation of details of the charter party agreement between the charterer and shipowner. These negotiations can include freight rates, laytime (time that is allowed for loading and unloading), demurrage charges, and any special conditions that might require.
• Charter Party Agreement: Once an agreement on the term have been reach by both parties, they will sign the charter agreement, which will outline the right, responsibilities, and liabilities of each party
• Execution and Operation: The vessel is prepared for the charter, cargo loaded, and the journey begins. During the charter period, the charter manages the cargo operations, while the shipowner maintains the vessel.

Types of Charters

There are three most common types of charter contracts.

1. Voyage charter
2. Time charter
3. Demise (or bareboat) charter

Voyage Charter

The charterer rents the entire vessel for a single voyage or a specific route. The owner of the ship provides the vessel, crew, and other necessary services for the agreed-upon journey.

Time Charter

A time charter is renting a ship for a set amount of time. The shipowner receives a daily or monthly fee from the charterer in exchange for more authority over the vessel’s operation during the specified period.

Demise (Bareboat) Charter

A bareboat charter, often called a demise charter gives the charterer complete management of the ship for a predetermined time. The expenditures associated with crewing, maintaining, and operating the ship are under the charterer’s purview.

Misarma Marine Vessel Fleet Management and Operation Services

Misarma Marine offers fast crew boat chartering services. A fast crew boat that specializes in the transportation of offshore support crew, deck cargo, and below-deck cargo such as fuel and potable water. Fast crew boats will transport such items to and from offshore installations such as oil platforms, drilling rigs, drill, and dive ships.

We at Misarma Marine Sdn Bhd (MMSB) aim to provide our customers with the highest standard of service to our clients. At MMSB, we are well-known for our capability to handle speciality boats financially and effectively because of our technical expertise.

As a specialized ship manager, we provide a well-organized shore-based management staff that is designed to collaborate closely with owners to accomplish high-quality operations as a shared objective.

Misarma Marine is a specialised ship chartering/manager offering services to our esteemed customers who are engaged in operations and maintenance on offshore oil & gas installations, production rigs and facilities. Since the initial operation of our company, we have formed strong relationships with shipyards and ship owners. This gives our company access to a wide range of vessels such as

• Fast Crew Boat
• Anchor Handling Tug Supply Vessel (AHT/AHTS)
• Accommodation Work Boat
• Towing Tug/Boat
• Workboat vessels
• Dive Support Vessels

Partner with Misarma Marine Sdn Bhd

For a reliable vessel chartering partner with a great experience in offshore vessel chartering, do not hesitate to contact Misarma Marine Sdn Bhd. As a specialised vessel fleet management and operation service, we offer a professional and organised shore-based management team which is geared to work closely with owners to achieve the common goal of quality operations.