When the volume of on cargo is huge or there isn’t a particular packing for the cargo, the chartering method is used by renting a complete ship which is legally considered an official document and must be done for every ship rental.
A ship owner is one party of a charter contract and the charter receiver is a legal person or an organization who needs a ship and the important cases of each chartering agreement consist of the duration of the ship rental, expenses, the payment installments and the rules of using the ship and the expert’s reports about ship conditions.