Meaning BALLAST BONUS
What does BALLAST BONUS mean? Here you find 6 meanings of the word BALLAST BONUS. You can also add a definition of BALLAST BONUS yourself
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BALLAST BONUSCompensation for relatively long ballast voyage
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BALLAST BONUSBALLAST BONUS This serves as an incentive or compensation for the ballast trip from the ship's last port of discharge to the next port of loading where the vessel shall be delivered to the owner.
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BALLAST BONUSa bonus paid to the ship owner for compensation for ballasting the ship to a delivery place
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BALLAST BONUSCompensation for relatively long ballast voyage
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BALLAST BONUSmoney payable by time charterer to shipowner at the end of the charter period to compensate for the ballast trip taken from the port of redelivery of the ship to the next port of loading; BB in short
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BALLAST BONUSThe meaning given at 1. is wrong, but would be correct if changed from "where the vessel shall be delivered to the owner" to "where the vessel shall be delivered to the charterer." (If the vessel is sailing from its last port of discharge in order to be redelivered back to owners, it is still earning hire. No question of a 'bonus' arises.
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