Owner outcome
Tighter TCE.
Earlier visibility of freight at risk and fewer voyage days left unpriced.
From clause to voyage result.
ReadingThe form, the amendments and every rider resolved into one usable record.OpenClose
Start with the document as it is: PDF, scan or photograph. CharterWise reads it page by page and identifies the form.
Printed clauses, struck amendments and riders stay in context, including the clause each rider overrides.
Page 3 of 34 · scanned
reads as
A full and complete cargo, minimum 165,000 metric tons.
Cargo quantity · Clause 1 · read from a scan on this machine
ExposureWhat changed, who carries it and why it matters.OpenClose
The agreement is checked against the clause schedule for its form. Missing wording and deviations are surfaced with severity and plain-English reasoning. Rider overrides remain connected to the printed clauses they change.
Each material finding should answer four questions: what triggers it, what evidence can measure it, who bears it and what it may do to the voyage.
Part II · Printed terms
Clause 1. Cargo quantity
Charterers shall load a full and complete cargo of one hundred and seventy thousand one hundred and sixty-five thousand metric tons, five per cent more or less in Owners’ option, subject to the Vessel’s safe sailing draught.
Rider · Clause 29
Notwithstanding Clause 1, quantity shall be limited by the maximum permissible sailing draught at the loading port. Any shortfall caused by that limit shall not count as deadfreight.
ComparisonTwo fixtures, compared on wording and economic effect.OpenClose
Compare two agreements clause by clause and isolate what is identical, what moved and what disappeared.
A useful comparison goes beyond a redline. It asks what the changed wording does to the economics and which side of the fixture moved.
GENCON 1994 · m/v Ardent Pioneer
Clause 1. Minimum cargo: 165,000 metric tons.
Clause 5. Loading and discharging at one safe berth, one safe port…
Clause 6. Laytime: 96 running hours, weather permitting…
GENCON 1994 · m/v Iron Harvest
Clause 1. Minimum cargo: 160,000 metric tons.
Clause 5. Loading and discharging at one safe berth, one safe port…
Clause 6. Laytime: 96 running hours, weather permitting…
At USD 10.50 per tonne, the 5,000-tonne difference moves gross freight by USD 52,500 before any deadfreight claim.
Voyage workingsThe contract terms and operating assumptions in the same calculation.OpenClose
Freight, cargo quantity, bunkers, port costs, commissions and time sit in an editable voyage working that recalculates as the assumptions move.
That working should not stop at one number. It should show the downside around owner TCE and charterer landed freight, with every assumption open to challenge.
Voyage workings · Capesize · iron ore
| Freight 10.50 $/MT × 170,000 MT | USD 1,785,000 |
| Bunkers | − USD 306,000 |
| Port costs | − USD 115,000 |
| Commissions, 3.75% | − USD 66,938 |
| Voyage result over 24 days | USD 54,044 per day |
For investors
The agreement starts to calculate.
Chartering desks work with three separate objects: the signed wording, a voyage estimate and the evidence outside both. CharterWise joins them. A clause is linked to its trigger, the evidence that can test it, the party carrying the exposure, the financial effect and the action due.
CharterWise can read a scan or PDF, keep riders beside the printed terms they alter, compare agreements and recalculate the voyage as assumptions change. Contract text stays on customer hardware. Document review and voyage calculation become one workflow.
- 01
Contract terms
The form, amendments and riders resolved into the agreement as fixed.
- 02
External evidence
The minimum outside fact needed to test the clause.
- 03
Economic range
Test what the exposure may do to owner TCE and charterer landed freight.
- 04
Desk action
Put the risk bearer, deadline and next decision beside the number.
Economic sensitivity, made explicit.
Illustrative Capesize working. The inputs come from the sample working on this page. They are not customer results or promised savings.
| Variable | Assumption | Owner view | Charterer view |
|---|---|---|---|
| Cargo quantity | 5,000 MT at USD 10.50/MT | USD 52,500 gross freight | USD 52,500 freight exposure before any deadfreight claim |
| Voyage duration | 24 to 25 days; USD 1,297,062 net result held constant | TCE falls from USD 54,044 to USD 51,882 a day, a 4.0% change | The extra day is visible before its contractual cost is applied |
| Port delay | One day at an illustrative USD 25,000 across 170,000 MT | USD 25,000 gross demurrage receivable, subject to the clause and claim | USD 25,000 payable, adding about USD 0.15/MT to landed freight |
Charterer outcome
Tighter landed freight.
Earlier visibility of payable exposure and fewer costs discovered after fixing.
No blanket savings percentage belongs here until live voyages supply the evidence. The performance test is simple: compare forecast and actual owner TCE, compare forecast and actual charterer landed freight, and count the dollar value of material exposure found before signing.
Faster document review saves time. The larger opportunity is decision control: a clause can change the working before the fixture is signed, and every forecast can be checked against the voyage that followed. If CharterWise narrows that gap, the value appears directly in dollars per day and dollars per tonne.