PDPR stands for Per Day Pro Rated. What does this term describe?

PDPR stands for Per Day Pro Rated. What does this term describe?

• A. A fixed monthly fee for laytime.
• B. A method of paying hire on a daily basis proportional to time used.
• C. A payment for cargo insurance only.
• D. A time charter where days are pro-rated by tonnage.

Answer: (B)

PDPR describes paying the charter hire at a daily rate, prorated to the actual time the vessel is on hire. In a time charter, the owner and charterer agree a daily hire, and PDPR ensures you’re charged only for the exact number of days the ship is under charter, including partial days adjusted proportionally. This means if the vessel is on hire for a fraction of a day or experiences off-hire time, the payment reflects that precise usage rather than a fixed lump sum. The other options don’t fit because PDPR is not a fixed monthly fee, not a cargo insurance payment, and not a tonnage-based pro-rating of days.

PDPR describes paying the charter hire at a daily rate, prorated to the actual time the vessel is on hire. In a time charter, the owner and charterer agree a daily hire, and PDPR ensures you’re charged only for the exact number of days the ship is under charter, including partial days adjusted proportionally. This means if the vessel is on hire for a fraction of a day or experiences off-hire time, the payment reflects that precise usage rather than a fixed lump sum. The other options don’t fit because PDPR is not a fixed monthly fee, not a cargo insurance payment, and not a tonnage-based pro-rating of days.