PURSER-3.1.2

The APA End to End: Collection, Drawdown and Settlement

PURSER-3 · Charter and Guest Finance · PURSER-3.1 The Charter Agreement and the APA

The APA is charterer money held on trust to pay charter running costs, collected before embarkation and reconciled to the cent. The purser tracks burn rate, requests top-ups early through the broker, and settles the balance promptly with a full statement.