Enter the daily charter rate ($/day) and the total length of the charter (days) into the Calculator. The calculator will evaluate the Charter Cost.

## Charter Cost Formula

CHRC = DR * T

Variables:

- CHRC is the Charter Cost ($)
- DR is the daily charter rate ($/day)
- T is the total length of the charter (days)

To calculate the Charter Cost, multiply the daily charter rate by the length of the trip.

## How to Calculate Charter Cost?

The following steps outline how to calculate the Charter Cost.

- First, determine the daily charter rate ($/day).
- Next, determine the total length of the charter (days).
- Next, gather the formula from above = CHRC = DR * T.
- Finally, calculate the Charter Cost.
- After inserting the variables and calculating the result, check your answer with the calculator above.

**Example Problem : **

Use the following variables as an example problem to test your knowledge.

daily charter rate ($/day) = 1000

total length of the charter (days) = 10

## FAQs

**What factors can affect the daily charter rate?**

The daily charter rate can be influenced by several factors including the type of vessel or aircraft, the season, the charter’s location, and any additional amenities or services requested.

**Are there any additional costs that might not be included in the initial charter cost calculation?**

Yes, additional costs may include fuel surcharges, docking fees, crew gratuities, and any special requests such as catering or on-board entertainment. It’s important to discuss all potential costs with the charter company beforehand.

**Can the length of the charter be adjusted after the initial booking?**

Adjusting the length of the charter may be possible but is subject to the charter company’s policies and availability. It may also result in a change in the total charter cost.

**How far in advance should I book a charter?**

Booking well in advance is recommended, especially during peak seasons, to ensure availability and potentially secure better rates. However, some companies may offer last-minute deals on unsold inventory.