Charterers are continuing to try and avoid disponently-owned tonnage - and if they can't avoid it, they stack the terms against it. In its current chartering clauses, Transchart differentiates between actual or head owners and disponent owners. When negotiating with the head owner, the charterers agree to pay 90% of the freight within seven working days of signing bills of lading. If dealing with a chartered owner, the clause stipulates 90% of the freight paid within seven days of the safe arrival of the vessel and the cargo at the first or sole discharge port. And reports from brokers suggest that other charterers are being equally cautious.rnIn the Capesize sector, markets drifted lower in the East. BHP Billiton was active fixing thernRubin Hope at $6.75 for a West Australia to China movement. Last week such a rate would be approaching $8/tonne. An NYK relet, the Bulk India, went for a similar voyage at $6.85 but loading in March rather than April. BHP also took the 2006-built Great Navigator for a voyage to China in direct continuation at $6.75.rnVale was active in the Atlantic. It took NCS tonnage for a voyage at $19/tonne for a first-half April cargo from Brazil to China. A later cargo loading in the second half was booked on the Morgiana at $17.50. In terms of timecharter trips, HMM is reported to have taken the 1995-built Grand Nike with delivery Rotterdam, redelivery China via Brazil at $30,000/day, a rate slightly down on 'last done'.
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