Charterer

A Charterer is an individual or company that enters into a charter party agreement with the owner of a vessel or an aircraft to lease or hire the transportation capacity for a specific period or voyage. The charterer takes operational control of the vessel or aircraft for the duration of the charter, determining the cargo to be carried, the routes, and the schedule. The charterer may be a shipper, a cargo owner, a freight forwarder, or an intermediary involved in the logistics chain. The charter party agreement defines the terms, conditions, and responsibilities of both parties during the charter period.