Principles of Chartering

Book excerpt: Chartering describes the process by which a ship is leased for the transportation of goods. Knowledge of this complex, multifaceted field is vital for anyone seeking success in the shipping industry. In this third edition of Principles of Chartering, shipping and maritime economics expert Photis M. Panayides, PhD, offers a revised and updated version of his seminal work on chartering contracts. Beginning with an introduction of the concept of chartering and how it applies to various types of ships, cargo, and trade routes, Panayides goes on to explore all aspects of chartering, including charterparties, shipbroking, bills of lading, voyage and time chartering, and more. Panayides offers a comprehensive overview of chartering principles, supported by real-life examples of orders, offers, and negotiations. Key points are addressed in plain language, while a glossary of over 1,300 chartering terms helps readers quickly understand chartering terminology and abbreviation. In this new edition, Panayides expands and updates his previous exploration of voyage estimation principles while referring to more than seventy legal cases that influenced current commercial chartering practices. Principles of Chartering provides the information you need to succeed in commercial shipping, all in an easy-to-access format.