Charterer
A charterer is a person or company who hires a vessel from its owner for a specific period of time or voyage. The charterer is responsible for the cargo and the crew during the charter period and pays for all expenses related to the operation of the vessel, including fuel, port charges, and crew wages. There are two main types of charter: time charter and voyage charter. In a time charter, the charterer hires the vessel for a specific period of time and has more control over the itinerary and cargo. In a voyage charter, the charterer hires the vessel for a specific voyage and the owner retains more control over the vessel's operations.
Your Previous Searches
Random Picks
- Additives: Additives are substances added to fuels, lubricants, or other fluids to enhance their performance or properties. In the maritime industry, additives are commonly used in marine fuels to improve their combustion efficiency, reduce emissions, ... Read More >>
- Drilling: Drilling is the process of creating a hole in the seabed for the extraction of oil or gas. It involves the use of a drilling rig, which is a large structure equipped with specialized equipment to drill into the seabed. The process of drilli ... Read More >>
- Strict Liability: In the maritime context, strict liability refers to a legal doctrine where a party is held responsible for damages or losses, regardless of any intent or negligence on their part. This concept is often applied in cases involving hazardous o ... Read More >>
Top News
Southeast Asian defense chiefs meet in Laos as maritime disputes with China are ...
Southeast Asian defense chiefs and representatives are meeting in the Laotian capital for security talks at a time of increasing maritime disputes with China in the Asia-Pacific and as the transition ...
News Source: ABC News on 2024-11-20
Biden's $100 billion disaster aid request includes money to rebuild the collapse...
President Joe Biden’s pending request to Congress for nearly $100 billion in emergency disaster aid includes money to rebuild Baltimore’s Francis Scott Key Bridge after its deadly collapse in Marc...
News Source: ABC News on 2024-11-19
The Houthis appear determined to score a hit on the American and European warshi...
The US and European Union have maintained a significant Middle East naval presence to battle the Houthis over the past year....
News Source: Business Insider on 2024-11-19
US defense chief says alliance with Philippines will transcend administrations...
U.S. Defense Secretary Lloyd Austin has condemned China's dangerous actions against the Philippines and renewed a warning that the United States would defend its treaty ally if Filipino forces come un...
News Source: ABC News on 2024-11-19
Death of 19-year-old employee found in Walmart walk-in oven was not foul play, p...
No foul play is suspected in the death of the 19-year-old Walmart employee whose body was found in the store’s walk-in oven in Canada last month, police said Monday....
News Source: NBC News on 2024-11-18