04/09/2026
A vessel fixture might look like a simple agreement, but there is a lot of work that happens before a ship is actually booked.
Before a vessel is fixed, several important factors need to be considered:
▪️What is being shipped?
The type, quantity and requirements of the cargo matter.
▪️Where is it going?
Load and discharge ports, routing and any port restrictions need to be considered.
▪️Which vessel is suitable?
Vessel size, specifications, position and availability all play a role.
▪️What does the market look like?
Current freight levels, vessel supply and cargo demand can influence the commercial terms.
▪️What are the terms?
Freight rates, laycan, laytime, demurrage and other charter party terms need to be negotiated.
▪️Can the voyage work commercially?
Ultimately, the vessel, cargo, timing and terms all need to align.
Only once these details have been carefully considered and agreed can a vessel be fixed for the voyage.
Millar Maritime’s team helps clients navigate the process from identifying suitable opportunities through to fixing the right vessel on the right terms. Get in touch with us today: [email protected] 📩