Ship Universe Maritime Tool

Vessel Charter Hire Cost Calculator

Calculate vessel charter hire, payable charter days, off-hire deductions, commissions, bunker settlements and total charter cost. Use Simple mode for a quick daily-rate estimate or Advanced mode for longer time-charter and bareboat structures.

Hire
Daily rate × payable charter days
Off-Hire
Model unpaid periods separately from calendar charter days
Maritime Extras
Delivery bunkers, redelivery credit, brokerage and fixed charter costs

Charter Period & Hire

Enter the quoted daily hire and planned charter duration.

$ /day
days
days
days
days

Commissions & Additional Costs

Brokerage is shown as a deduction from gross hire to estimate owner's net hire. Gross hire remains the charterer's quoted hire basis.

%
$
$ /day
%

Contract Structure

Advanced mode models long-term charter rate escalation, minimum paid days and off-hire.

$ /day
days
%/year
days
days
days
%

Delivery & Redelivery Bunkers

For a time charter, charterers commonly take over bunkers on delivery and receive value for remaining bunkers at redelivery, subject to the charterparty terms.

MT
$ /MT
MT
$ /MT

Charterer Cost Additions

$
$
$
$ /day
%
$
Included in initial cash requirement, but not treated as a charter cost.

Charter Hire Results

Simple vessel charter cost estimate

Enter charter data
Enter the daily charter hire and charter period to calculate gross hire, payable days, off-hire savings and total vessel charter cost.
Planning estimate only. Actual charter hire obligations depend on the charterparty, recap and applicable law. Hire may be payable in advance, semi-monthly or under another schedule. Off-hire clauses, bunker clauses, commissions, taxes, withholding, security deposits, minimum periods and redelivery requirements can materially alter the cash flow. Voyage expenses such as fuel consumed, port charges, canal tolls and cargo costs are not automatically included unless specifically entered.
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