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Charter ratea rate for shipping freight agreed upon between the owner of a vessel and the person wanting to use the vessel (the 'charterer').
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Charter rateThe amount of money agreed between the charterer and the vessel-owner accrued on a daily or monthly basis that is used to calculate the vessel’s charterhire.
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Charter rate The amount of money agreed between the charterer and the vessel-owner accrued on a daily or monthly basis that is used to calculate the vessel’s charterhire.
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