Tag: 3) BAREBOAT CHARTER

  • MEANING OF CHARTER , TYPES OF CHARTER & RELEVANCE TO TRADE(MARINE NOTES)

    Chartering is an activity within the shipping industry where a ship is on ‘hire or lease’ on mutually agreed terms and conditions between the ship owner and cargo owner normally, known as a Charter Party. A freight rate is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode…