Although it may seem obvious to some, and perhaps not so much to others, it is important to define well the meaning of the term chartering. Historically, the word charterer originated from the term Charterers of Voyage Charter Parties, and specifically refers to the parties involved in a charter party. In the past, the contract, called the Charter Party, was literally split in two, remaining one part with the Charterer and the other with the Shipowner.
Professionals in Chartering also define their activity of seeking, working a ship, negotiating a contract, and assisting in its execution also as “chartering”. This activity requires a lot of knowledge of the market, the various types of cargo and ships, contracts, ports, and requires a constant exchange of information and partnership. Therefore, it is necessary to be permanently very well informed and connected with the market to be able to act effectively. The right information at the right time is essential for the success.
