What is Charter Party?
In this glossary, Charter Party refers to: A specialized contract in maritime law between a shipowner and charterer, setting terms for the hire and operation of an entire vessel for a specified voyage or period.
How is Charter Party used in logistics?
In logistics communication, this term appears in contexts such as: "A Charter Party specifies the laytime, freight rates, and demurrage clauses for a vessel's voyage or period of hire."
Why does Charter Party matter in logistics?
Charter Party matters because it supports clear communication in Transport Documents contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Who uses Charter Party?
Charter Party is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Charter Party belong to?
In this glossary, Charter Party is grouped under Transport Documents. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from Incoterms 2020 (ICC), FIATA, IATA DGR, WCO and published by Protermify Logistics as a static logistics reference page.
