Tanker chartering

Tanker chartering involves arranging the rental or lease of large ships designed to transport liquid cargoes like oil, chemicals, or liquefied gases. Shipping companies or brokers negotiate agreements where the ship owner (the charterer) provides the vessel for a specified period or voyage, ensuring the cargo is transported efficiently from one port to another. This process includes assessing the ship’s capacity, route, and cost, and is essential for global trade in energy and chemicals. Proper chartering ensures timely delivery, cost-effectiveness, and compliance with safety and regulatory standards.