What term refers to the agreement where a ship owner transports cargo for an agreed fee?

The correct term that refers to the agreement where a ship owner transports cargo for an agreed fee is "Voyage Charter." In this arrangement, the ship owner agrees to provide the vessel for a specific voyage to carry a predetermined cargo from one port to another. The payment is typically calculated based on the type of cargo, the distance traveled, and other factors specific to that voyage.

In a Voyage Charter, the responsibilities and liabilities are typically defined clearly in the contract, including the payment terms and the condition under which cargo must be loaded and unloaded. This type of charter is frequently used for bulk cargoes such as oil, coal, or grains, allowing flexibility for ship owners in managing their fleet.

Understanding the different types of charters is essential for anyone involved in maritime operations, as they highlight how cargo is transported and the contractual obligations of ship owners and charterers.