Tramp trade involves irregular shipping with no fixed schedule, transporting bulk and break-bulk cargoes of low value that do not require fast delivery. Tramp charters involve leasing a vessel through a charterparty agreement between the ship owner and charterer. The most common charter in tramp shipping is the voyage charter, which comes in net and gross forms. A time charter provides a fully manned and equipped vessel, where the charterer directs the crew. Demise charters are least used as they heavily favor the owner by providing an unmanned ship. Liner shipping operates on a fixed port rotation schedule, transporting a large volume of goods at a low cost, though it is slower than air shipping and delays