Why time-charter?

There are three ways of operating a commercial ship:

• Bareboat Charter: The shipowner leases the vessel without crew, supplies, or maintenance. The charterer is responsible for operating the ship, including hiring the crew, maintaining the vessel, and covering all operational expenses. This type of charter is essentially a long-term lease where the charterer has full control over the ship.
• Time Charter: The shipowner provides the vessel fully crewed and maintained. The charterer hires the ship for a specific period and pays a daily rate. The charterer is responsible for the voyage costs, like fuel and port charges, while the shipowner covers the operational expenses, such as crew wages and maintenance.
• Spot Charter: This involves hiring a ship for a single voyage rather than for a fixed time period. The shipowner operates the vessel, and the charterer pays a negotiated rate for the specific journey, usually determined by market conditions at the time. Spot charters are more flexible and often used for one-off shipments.

<aside> <img src="https://prod-files-secure.s3.us-west-2.amazonaws.com/94535da3-f9d9-4e20-9c6c-01dd8f748e59/eeaedd2c-9560-4780-9027-913ed8666b0c/violet_icon.png" alt="https://prod-files-secure.s3.us-west-2.amazonaws.com/94535da3-f9d9-4e20-9c6c-01dd8f748e59/eeaedd2c-9560-4780-9027-913ed8666b0c/violet_icon.png" width="40px" /> Time charter is the best way forward if you want to have a foreseeable income for a longer time window and also enjoy a good operating profit.

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Fractalized is able to calculate ROI for investors in the safest and most lucrative way using time charter contracts.

Technical Management

Technical management of our vessels will be done under the leadership of Levent Kaptanoglu and our partners Kaptanoglu Shipping Group, who is a well established shipping company with over 120 years of experience and excellence in ship operations and management.

Commercial Management

Commercial management of our vessels will be conducted by internationally renown reputable commercial management companies such as Uni Tankers Denmark.

Maintenance Costs

Dry dock costs refer to the expenses incurred when a ship is taken out of the water for maintenance, inspection, and repairs. These costs can include:

1. Docking Fees: Charges for using the dry dock facility, which vary depending on the size of the ship and the duration of the stay.
2. Maintenance and Repairs: Costs for tasks like hull cleaning, painting, machinery overhauls, and structural repairs. These are essential for keeping the ship in good operational condition and compliant with safety regulations.
3. Labor Costs: Wages for workers performing the maintenance and repair tasks during the dry dock period.
4. Materials and Parts: Expenses for any materials or replacement parts needed for the repairs or upgrades.
5. Inspection and Survey Fees: Costs associated with mandatory inspections by classification societies or maritime authorities to ensure the ship meets safety and regulatory standards.

Dry docking is a significant expense for shipowners, but it is necessary to ensure the vessel's seaworthiness and prolong its operational life.

A vessel usually only needs a dry dock maintenance every 5-7 years.