Shipowner is a legal entity officially registered as the owner of the ship in a Ship Registry..
Cargo Owner is the owner of the cargo that is required to be shipped..
Chartering is an agreement in which a shipowner agrees to rent out a ship to a cargo owner to move the cargo from Point A to Point B..
Charter Party is the agreement between the shipowner and the cargo owner where the shipowner allows the cargo owner the use and/or management of the vessel in exchange for “freight”..
Charterer is someone who has signed a charter party with the shipowner for the hire of the required ship or a part of the capacity thereof.. A charterer may be the actual owner of the cargo, a cargo trading company, someone acting on behalf of the actual cargo owner or someone in the business of hiring ships for trading in cargoes..
