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Charter party (C/P)

shipping container at sea
Definition

A Charter Party (C/P) is a legal contract between a shipowner or charterer and a charterer or shipper. It outlines the terms and conditions under which a vessel is hired for the transportation of goods or passengers. The C/P specifies important details such as the duration of the charter, the freight rate, the responsibilities of each party, and any special requirements or conditions. It serves as a binding agreement that governs the rights and obligations of both the shipowner and the charterer, ensuring a smooth and organized operation within the supply chain.

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Charter party (C/P)

Definition

A Charter Party (C/P) is a legal contract between a shipowner or charterer and a charterer or shipper. It outlines the terms and conditions under which a vessel is hired for the transportation of goods or passengers. The C/P specifies important details such as the duration of the charter, the freight rate, the responsibilities of each party, and any special requirements or conditions. It serves as a binding agreement that governs the rights and obligations of both the shipowner and the charterer, ensuring a smooth and organized operation within the supply chain.

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Our experts love to answer questions. Fill out the form and someone will contact you soon.

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Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
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Shipping container at seaShipping container at sea