What does chartering mean?
Definitions for chartering
char·ter·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word chartering.
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Webster Dictionary
Chartering
of Charter
Wikidata
Chartering
Chartering is an activity within the shipping industry. In some cases a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, called freight rate. Freight rates may be on a per-ton basis over a certain route, in Worldscale points or alternatively may be expressed in terms of a total sum - normally in U.S. dollars - per day for the agreed duration of the charter. A charterer may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire rate, or even makes a profit in a rising market by re-letting the ship out to other charterers. Depending on the type of ship and the type of charter, normally a standard contract form called a charter party is used to record the exact rate, duration and terms agreed between the shipowner and the charterer. Time Charter Equivalent is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types.
Numerology
Chaldean Numerology
The numerical value of chartering in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of chartering in Pythagorean Numerology is: 4
Examples of chartering in a Sentence
Clarksons Platou analyst Frode Morkedal:
( The) fundamental problem is not fleet growth but negative demand growth. Slowing economic growth and significant turmoil in commodity prices is resulting in extremely low chartering activity.
We expect the chartering requirement from Iran to increase and (for) them to fix international tonnage.
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"chartering." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/chartering>.
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