Charter Business In The International Shipping Industry Accounting Treatment

Besides the transportation by owned ships, shipping companies should actively develop affreightment businesses, so as to adapt various transportation demands of different cargo and trade contracts, and to rationally utilize ocean ships' transportation capacity for the maximal economic profits.At present, voyage charter, time charter, dimise charter are the main affreightment businesses, and now finance charter is springing up. There are many researches about affreightment contract, affreightment broker and financial decision-making of these affreightment businesses, which is related to my thesis. This paper is mostly researching the recognition and measurement of these affreightment businesses.There are six chapters in this thesis. Chapter 1 is exordium. First I put forward the question that this paper wills discuss. Then the purpose, the background, the object of this paper is made clear.In chapter 2, we discuss the status and questions of accounting processing to affreightment businesses. After investigating some shipping companies, this chapter summarizes the status of accounting processing to affreightment businesses, and then puts forward some questions in this basis.In chapter 3, The character of these affreightment businesses is analyzed. We divide these affreightment businesses into two types: hire-transportation and property leasing. The type of hire-transportation includes voyage charter and time charter. The type of property leasing include dimise charter and finance charter. Then the analysis is made so as to convenience the research later.Then comes to the paper's main point: the accounting processing to affreightment businesses. Because hire-transportation offers a kind of service, We dissertates the recognition and measurement of this service in chapter 4. To property leasing, the bases of recognition and measurement are leasing rules. So we mainly discuss leasing rules of enterprises. The research objects of this paper are shipping companies, so the lessee and lessor of voyage charter, time charter, dimise charter are discussed, but this paper only discuss the lessee to financecharter. And this paper also gives examples to all these affreightment businesses. Finally the summarizing to this article is made.