This book concerns time charters. Its focus is time charters of cargo ships, although many aspects of the law set out in the book will be relevant to time charters of any type of ship. The book aims to present the legal principles and decided cases concerning time charters in a manner that will be of practical assistance to parties interested to identify and understand the rights and liabilitie…
The present study investigates the excess return dynamics between time charter (t/c) trip charters and their underlying voyage charters in the dry bulk market. Using a weekly data set over the period January 2003 to January 2014, we first examine the existence of a long-term co-integrating relationship between trip charters and their respective voyages expressed in Time Charter Equivalents. The…