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What is Charter Party? Illustration showing a cargo ship and a charter party agreement document with a rubber stamp and checkmark.
Chartering

What is a Charter Party in Shipping? Understanding the Essentials

A charter party is a foundational contract in the maritime industry. It details the terms…
Illustration of a cargo ship with the text "What is Cabotage in Shipping?" written above it, introducing the topic of cabotage laws and regulations in maritime transportation.
Industry Insights

What is Cabotage in Shipping?

In shipping, "cabotage" refers to transporting goods or passengers between two ports within the same…
Illustration of a ship in a dry dock with the title 'Dry Docking and Dry Docks' displayed above.
Industry Insights

Dry Docking

Dry docking is the procedure of taking a vessel from the water to facilitate maintenance,…
Illustration of a cargo ship with dollar signs and clock icons, representing the concept of demurrage in shipping, with the text "Demurrage Meaning in Shipping" above the ship.
Chartering

What is Demurrage?

Demurrage is a penalty fee charged when cargo isn't loaded or unloaded within the agreed-upon…