Chartering is the term used to name the renting
of a whole ship, in an agreement between a
shipowner and a renting party, in this case
known as charterer, intermediated by a freight
forwarder or a shipbroker.
The charterer is the individual or organization
renting the ship.
There are many common reasons why a
charterer rents a ship, it can be to transport their
own cargo or to offer this service to another
party, or even to re-rent the ship to someone
else for a profit.