Cargo and Passenger Ship Chartering

Ship chartering is popular among cargo owners and holiday goers who want to have the whole ship for their own use during a specified period. Ship chartering is the act of signing a contract between a charterer and a ship owner to use the ship under rights and privileges during the entire duration of the charter. It’s an expensive agreement, but once you chartered the ship, you have full control as to the ship’s itinerary. It’s like owning a ship of your own for a limited period.

Cargo ship chartering

Ship chartering is very popular in the cargo industry where large cargo owners would want flexibility and pace about moving their cargo around the world. If you’re a cargo owner, you can charter a ship on any of these arrangements: voyage charter, time charter, bareboat charter, and demise charter. Voyage charter is hiring a ship for one way: from load port to discharge port. Time charter is when you’re allowed to use the ship for specified period of time. Bareboat and demise charter are closely similar where they can take a year or more, and the charterer basically own the ship during the charter. That is to say you hire and pay for the crew and the other pertinent shipping costs.

Cruise ship chartering

Small cruise ships, particularly yachts, are open for chartering also. Cruise ship chartering is the best way to go for company vacations where a company treats several of its employees for a trip. It gives the charterer flexibility and exclusivity for the important company event. The two most popular charter arrangements for cruise ship chartering are the voyage and the time charters. It can be expensive on the part of the charterer, but a charter basically gives you the right to dictate the ships port of calls and accommodation arrangements.

Important Ship chartering reminders

If you’re planning to charter a ship, there are few reminders you have to keep in mind. First, you have to book or arrange the charter at least a year before your schedule. This is especially true for cruise ships because liners plan their itineraries at least a year before to give them time to market the cruise. So booking ahead of their schedule ensures you get the ship. And the second reminder applies to both cargo and cruise ships charterer; know all the rights and privileges accorded to you including customs and immigration arrangements for smooth operation.

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