Time is Money. How time affects the profitability of charterparties

A shipowner who wants to enter efficiently in the market must bear in mind clearly that a organized and well planned charter-strategy is essential to perform his activities in a profitable way. A huge amount of factors can have an influence on an efficient chartering policy. The time-factor and any delay can have a significant impact on the activities of a shipowner, particularly on his capacity to generate profits from his business. The constant evolution in practice of new ¿devices¿ to be inserted in a charter-party implies that a shipowner has an absolute need to be always updated and informed on the latest evolution and improvements developed by the market and Courts when negotiating a charter-party, to be able to agree on contracts at his highest advantage.