Charter Party is a contract between the shipowner and the Charterer. Charter Party is concerned with finding continued and suitable employment for the ships to maximise revenue earnings. These operations are concerned with evaluating intended voyages to maximise earning so as to pay for the cost of ship, cost of its operations and to make some profit. The terms and conditions for carriage of cargo can either be on liner terms or under different Charter Party terms that primarily depend upon the types of ships and cargo.
Charter Party is a contract between the shipowner and the Charterer. Charter Party is concerned with finding continued and suitable employment for the ships to maximise revenue earnings. The…