What Is Ship Chartering And How Does It Work? Why Is It So Important?
Ship chartering is a very famous activity that happens in the shipping industry. Mainly shipowners hire professional expert companies for ship chartering. In simple words, this important process makes sure that the organisation’s cargoes get delivered safely in the most effective manner. The entire process is divided into three different parts: demise charter, voyage charter, and time charter. However, this blog points out some of the important topics of ship chartering. At first, you are going to learn how ship chartering works and the second topic would be the reasons behind its importance. So are you ready? As it said ship chartering works in three different parts: demise charter, voyage charter, and time charter. Let's start with the demise part. Demise part It mainly refers to hiring ships without any administration or technical maintenance included as part of the agreement. Most of the expense is borne by the cha...