charter agreements

Charter agreements are contractual arrangements between a vessel owner and a charterer, where the owner agrees to provide a ship's transportation services for a specific cargo or voyage. These agreements detail the terms such as rental fees, duration, responsibilities, and liabilities, ensuring clarity for both parties. They help manage expectations, risk, and operational responsibilities, whether the ship is rented entirely (bareboat charter) or with crew and management (time or voyage charter). Essentially, a charter agreement formalizes the understanding and obligations for transporting goods via a ship.