CP (or C/P)
CP (or C/P) stands for Charter Party. It is a legal contract between a shipowner and a charterer for the hire of a vessel. The contract outlines the terms and conditions of the agreement, including the duration of the charter, the freight rate, the loading and discharging ports, and the responsibilities of both parties. There are different types of charter parties, such as time charter, voyage charter, and bareboat charter, each with its own specific terms. The CP is an essential document in the maritime industry, as it governs the commercial relationship between the shipowner and the charterer.
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