Chartering—offer and counter-offer
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Associated definitions: A charterThe chartering or hiring of a ship. Also short form for charter-party Charterable quantity Cargo sufficient to fill the size of ship likely to be found for a particular voyage Part charter The chartering of a ship to carry a quantity of goods which represents only a part of the cargo. Very often, although the size of the cargo is not enough to fill a ship, it is sufficient to warrant the ship calling at a separate berth where loading or discharging is controlled by the charterer To charter Said of a shipowner, to hire or charter his ship out to a charterer. Said of a charterer, to hire or charter a ship from its owner
Associated terms: A slot charter To slot charter To sub-charter Tramp ship
See also: Bareboat charter Contract of affreightment Time charter Voyage charter
Exchange of correspondence between a shipowner and a charterer, often by means of intermediaries acting for each, respectively owner’s broker and chartering agent, leading to the chartering of a ship.