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How Ship Chartering works and why it is Important

Average reading time 8 minutes Ship Chartering is an important process as it ensures that the organisation’s cargoes get delivered safely in the most cost-effective manner. In fact, it is essential for charterers to have an extensive comprehension of the essential aspects of chartering, as it equips them with insight to make strategic chartering decisions…

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Laytime and Demurrage

  A charter party (commonly abbreviated to “C/P”) is a document containing the written terms of a charter agreement between a shipowner and a charterer. The terms of the contract will depend on the shipowner, charterer and the market. Parties involved can also form their own terms of contract which would remain free from any other…

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