Chartering Agreement
A Chartering Agreement is a contract between a shipowner and a charterer for the hire of a vessel. The agreement outlines the terms and conditions of the charter, including the duration of the charter, the freight rate, the loading and discharging ports, and the responsibilities of both the shipowner and the charterer. There are two main types of Chartering Agreements: 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 vessel's operations. In a Voyage Charter, the charterer hires the vessel for a specific voyage or series of voyages and the shipowner retains more control over the vessel's operations.
Your Previous Searches
Random Picks
- Officer: An officer is a member of the crew who holds a position of authority and responsibility on a ship. Officers are responsible for the safety of the ship, its crew, and its cargo. They are also responsible for navigation, communication, and th ... Read More >>
- Iridium NEXT: Iridium NEXT refers to the second-generation worldwide network of telecommunications satellites, launched by Iridium Communications Inc. This constellation of 66 active satellites, along with in-orbit and ground spares, provides global cove ... Read More >>
- Exclusive Economic Zone (EEZ): An Exclusive Economic Zone (EEZ) is a maritime zone extending 200 nautical miles (370 km) from a coastal state's baseline, within which the state has special rights to explore, exploit and manage the natural resources in the adjacent waters ... Read More >>
Top News
SEAL Team 6 is said to be training for a fight with China over Taiwan. Here's wh...
The role of the elite unit may be limited but not inconsequential. "You don't use a scalpel for a job a hammer can do," a former SEAL said....
News Source: Business Insider on 2024-10-19
The last in-person vote in the US will be cast on the desolate tundra of Alaska'...
On a desolate slab of island tundra on Alaska's Aleutian Islands, a resident of a tiny village called Adak will again become the last American to cast an in-person ballot for president...
News Source: ABC News on 2024-10-19
A historically Black community grapples with lasting impacts after Baltimore bri...
As the dust settled after the deadly collapse of Baltimore’s Francis Scott Key Bridge, residents of Turner Station found themselves facing an uncertain future....
News Source: NBC News on 2024-10-18
These are the biggest challenges facing the US Army in the Pacific, according to...
Soldiers face daunting challenges in navigating the vastness of the Indo-Pacific, where a future war could take place across a range of environments....
News Source: Business Insider on 2024-10-18
Teen kayaker rescued after spending 12 hours treading water and clinging to his ...
A 17-year-old kayaker spent nearly 12 hours treading water and clinging to his kayak Wednesday after becoming separated from his high school paddling group, the U.S....
News Source: NBC News on 2024-10-18