Chartering is the agreement to hire a ship (or space on a ship) to carry cargo. Depending on logistics objectives and shipment frequency, different contract types offer specific advantages.

Main contract types

• Voyage Charter: pay for a specific voyage between designated ports. Predictable costs; carrier manages operations.
• Time Charter: hire the vessel for a period; greater routing flexibility and operational control.
• COA (Contract of Affreightment): multiple liftings over a period; ideal for supply programs.
• Bareboat Charter: “naked” hire without crew/operation; the charterer manages the vessel.
• Slot Charter: rent space on liner ships; ideal for containerized cargo.

When does each fit?

Voyage Charter for one-off or sporadic cargo. Time Charter for continuous availability and control. COA for year-long volume commitments. Bareboat for operators able to manage crew and operations. Slot Charter for containers on liner services.

Choose by balancing volume, frequency, control and cost. Align the contract with your operating profile and risk appetite.