Chartering

Chartering is the process of arranging for a vessel, like a ship or aircraft, to be rented or leased for a specific purpose and period. In shipping, a company might charter a ship to transport goods without owning it outright. There are different types of charters—some are flexible, where the owner manages the vessel, while others give more control to the renter. Essentially, chartering allows businesses or individuals to access transportation capacity tailored to their needs, often involving negotiations on terms, duration, and costs, facilitating efficient and cost-effective logistics.