Charterer is defined as which of the following?

Charterer is defined as which of the following?

• A. A party who hires a ship from a shipowner for a period of time (time charter) or who reserves the entire cargo space for a single voyage (voyage charter)
• B. The head owner
• C. The broker
• D. The port agent

Answer: (A)

In chartering, the charterer is the party who uses the vessel’s capacity under a charter party. This means they hire the ship for a certain period (time charter) or reserve the entire cargo space for a single voyage (voyage charter). The charterer pays the hire or freight and directs the use of the vessel or space within the agreed terms. They are not the owner of the ship, nor the broker who arranges the deal, nor the port agent who handles port operations. This makes the charterer the user of the vessel’s capacity under the contract, which is exactly what the described option captures.

In chartering, the charterer is the party who uses the vessel’s capacity under a charter party. This means they hire the ship for a certain period (time charter) or reserve the entire cargo space for a single voyage (voyage charter). The charterer pays the hire or freight and directs the use of the vessel or space within the agreed terms. They are not the owner of the ship, nor the broker who arranges the deal, nor the port agent who handles port operations. This makes the charterer the user of the vessel’s capacity under the contract, which is exactly what the described option captures.