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Shipping & logisticscharterparty

Charterparty

The contract between shipowner and charterer for the use of a vessel.

A charterparty is the contract between a shipowner and a charterer for the use of a vessel. Types: voyage charter (single voyage), time charter (vessel for a period), bareboat (vessel without crew).

For oil, typical templates are Asbatankvoy, Shelltime, BPTime.

Related: Laycan, Demurrage, Bareboat.

Frequently asked

What does Charterparty mean in oil and commodity trading?
The contract between shipowner and charterer for the use of a vessel.
How do I check a counterparty that uses Charterparty in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

See also

laycandemurragebareboat

Seen this term in a live pitch?

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 8 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.