Chartering refers to the hiring or leasing of a sea going vessel for transportation, usually for a specific period or voyage. In maritime law, chartering involves a legal binding contract.
Chartering is a practice in the shipping and transportation industry where a shipowner leases out their vessel to another party, known as the charterer. The agreement outlines how the vessel will be used, for what period, and under what terms. There are several primary types of charters, each serving different needs:
Breakbulk refers to a shipping method where cargo is transported in individual units or pieces, rather than in containerized or bulk shipments. This approach is often used for oversized, heavy, or unusual items that cannot be easily containerized.
Roll-on/roll-off (RORO) shipping is a transportation method where wheeled cargo (e.g., cars, trucks, trailers, heavy equipment) is driven onto a vessel and secured for transport.
ODC stands for "Over-Dimensional Cargo" or "Out-of-Gauge Cargo." It refers to shipments exceeding standard dimensions, weight or volume limits, requiring specialized handling and equipment. ODC cargo includes:
Examples: Construction equipment (cranes, excavators), Industrial machinery (turbines, generators),Wind turbines, Ship components (propellers, anchors),Aerospace components, Heavy vehicles (excavator, crane, tractors, bulldozers),Large pipes or cylinders.
Heavy lift transport involves moving oversized, heavy or complex cargo requiring specialized equipment, expertise and planning via road.
Lashing and packing solutions ensure cargo safety during transportation, preventing damage and shifting. Here are various methods and materials:
Customs clearance refers to the process of complying with customs regulations, procedures and formalities for importing or exporting goods.
Door-to-door delivery refers to a logistics service where goods are picked up from the shipper's doorstep and delivered directly to the recipient's/consignee’s doorstep. This seamless process eliminates intermediate handling, reducing transit times and damage risks.
Key Characteristics
Incoterms (International Commercial Terms) are standardized trade terms published by the International Chamber of Commerce (ICC). They clarify responsibilities between buyers and sellers in international trade, facilitating smooth transactions. Here are the 11 Incoterms 2020:
Chartering refers to the hiring or leasing of a sea going vessel for transportation, usually for a specific period or voyage. In maritime law, chartering involves a legal binding contract.
Chartering is a practice in the shipping and transportation industry where a shipowner leases out their vessel to another party, known as the charterer. The agreement outlines how the vessel will be used, for what period, and under what terms. There are several primary types of charters, each serving different needs: