Sentence examples for the charterer from inspiring English sources

Whereas on a voyage charter the owner bears all the expenses of the voyage (subject to agreement about costs of loading and discharging), on time charter the charterer bears the cost of bunkers and stores consumed.

On time charter, the charterer hires the ship for a stated period of time, for a specified round-trip voyage, or, occasionally, for a stated one-way voyage, the rate of hire being expressed in terms of so much per ton deadweight per month.

In a voyage charter the charterer rents the vessel from the loading port to the discharge port.

In a bareboat charter the charterer acts as the ship's operator and manager, taking on responsibilities such as providing the crew and maintaining the vessel.

The charterer on the other side doesn't charter the ship for long enough a period to make low-carbon technologies pay back".

Charter party, signed by the ship owner and the charterer, usually specifies terms and clauses to be followed by both parties.

"The charterers in the future will try to avoid the vessel because of the likelihood it will be delayed again," Mr. Karatzas said.

The time charter market for ships represents a classical example of the principal-agent problem, where shipowners can opt to invest in energy efficient ships, yet any savings in fuel expenditures accrue to the charterers.

This is an essential practice because once he has left the ship he must be in full readiness to compile a comprehensive formal report that will be satisfactory to both the Owners and the Charterers for settling their accounts in respect of a particular Charter.

In the ruling, the presiding judge, Joseph Valantin, confirmed that the accident was a direct consequence of corrosion on the boat "directly related to the lack of servicing," for which he held Total responsible as the "real charterer of the boat".

The unsuspecting charterer, often drawn by attractive-sounding freight rates, next learns that the ship, shipowner and cargo have gone missing.