Logistic terms
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Lump-Sum
Agreed sum of money, which is paid in full settlement at one time. This term is often used in connection with charter parties.
Agreed sum of money, which is paid in full settlement at one time. This term is often used in connection with charter parties.
Lump-Sum Charter
Voyage charter whereby the shipowner agrees to place the whole or a part of the vessel's capacity at the charterer's disposal for which a lump-sum freight is paid.
Voyage charter whereby the shipowner agrees to place the whole or a part of the vessel's capacity at the charterer's disposal for which a lump-sum freight is paid.
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