GLOSSARY

Chartering

Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer.

What is Chartering?

Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French "charte partie", or "parted document"). The three main types of charter are: demise charter, voyage charter, and time charter.

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