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Maritime & Shipping vocabulary · Chartering & Shipping Documents

Charterer

Meaning in maritime & shipping, with examples

/ˈtʃɑːrtərər/nounCommon term

In maritime & shipping, charterer means: The person or company that hires a ship from the shipowner under a charter party, either to carry its own cargo or to trade the ship.

In Turkish: kiracı, çarterer

How it is used

In contracts usually 'the Charterers'. Under a time charter the charterer gives voyage orders and pays for fuel and port costs; under a voyage charter it pays freight and, if loading or discharging takes too long, demurrage.

Example sentences

  1. The charterers have ordered the vessel to load at Constanța.

  2. Bunkers on delivery will be paid for by the charterer.

Common collocations

  • charterers' orders
  • time charterer
  • voyage charterer
  • charterers' agent
  • shipownerA person or company that owns one or more ships and either operates them or hires them out to charterers.
  • charter partyThe contract between a shipowner and a charterer for hiring a ship, either for a voyage or for a period of time. It sets out the freight or hire, the cargo, the ports and the laytime.
  • freightThe money paid to the carrier for transporting goods by sea. In general English it can also mean the goods themselves.
  • demurrageMoney that the charterer pays the shipowner when loading or discharging takes longer than the laytime agreed in the charter party. It is usually a fixed daily rate.

More terms: Chartering & Shipping Documents

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