Ship chartering refers to the act of renting or leasing a ship to carry cargo or passengers. This is common practice in the maritime industry and involves many parties, including ship owners, passengers and sometimes crew. There are many types of charter boats available, each meeting a specific need for transporting goods or people. Some types of boat rental are:

Time Rental:

In time rental, the renter rents the boat for a period of time. During this period the charterer has greater control over the vessel and is responsible for paying operating costs including fuel, crew wages and maintenance.
The ship owner provides the crew for the ship and the charterer decides on the ports of call and the cargo that will enter the port.

Voyage Charter:

Voyage Charter consists of renting a ship for a specific voyage or a series of voyages between ports.
The shipowner is responsible for the operating costs of the vessel and the charterer pays a one-time fee or freight for transportation.

Bareboat Charter:

In a bareboat charter, the renter has full control and ownership of the boat and acts as if it were his own.
The charterer is responsible for the pilotage, operation and maintenance of the ship. This type of lease is essentially a lease, and the lessor is often referred to as the second owner.  

  
Charterparty:

A charterparty is a legal document that outlines the terms and conditions of a charterparty. Terms agreement. It includes details such as the names of the parties involved, rental type, duration, freight rates and special conditions.
Charterparties can be standard (such as commonly used charters such as Gencon or Baltime) or adapted to the specific needs of the parties involved.

Commercial Agreement (COA):

COA is an agreement made between the shipowner and the operator regarding the transportation of commercial goods for more than 20 months.
Unlike a travel charter party, COA covers several voyages or shipments. It determines the terms of each shipment in an agreement.

Spot Charter:

Spot Charter involves renting a boat for a cruise or for a short period of time without a long-term contract.

Spot charter is the rental of a boat for a voyage or for a short period of time without a long-term contract.
This type of charter is designed for charterers with short-term shipping needs.
Ship chartering is a flexible and dynamic aspect of the maritime industry, allowing companies to adapt to changing maritime needs without focusing on the long term. Ship owner contract period. The terms and conditions of the charter are negotiated between the shipowner and the charterer, and the charter party forms the basis of the agreement.