The Ins and Outs of Ship Chartering
Ship chartering is the hiring out the use of a ship by a vessel owner to another company, the charterer, for the transportation of goods. It sounds simple and straightforward enough, but in practicality it's anything but simple. There are different types of charter contracts, various cost components, and of course many different players involved. In this article, we'll breakdown the ins and outs of chartering, covering the parties involved, processes and divvying of costs.
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