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A Time Charter is a contract for a vessel; it governs the hire rate of the contractual period, the location and time for the vessel to be claimed and returned, and the conditions for its use. It must be set up before creating a voyage. It is important that anything that changes in the voyage be reflected in the Time Charter.

The Time Charter In and Time Charter Out forms are the same except for their Charterer and Owner perspectives: Where the Time Charter In Manager has an Owner field and a Make Payment button, the Time Charter Out Manager has a Charterer field and an Issue Bill button. The Time Charter Out Manager also has a button for creating a Time Charter Out Estimate.

To access Time Charter forms, in the IMOS - Chartering or IMOS - Operations module center, click the name of the form. Each of these module centers includes some Time Charter forms.