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Commercial Risks Arising from Chartering Vessels



Author(s)

Evi Plomaritou, Emmanouil Nikolaidis

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DOI:10.17265/2159-5879/2016.05.001

This paper constitutes a review of the most important aspects of commercial risks arising from charterparties, operations and claims issues. That means the risks allocated between the shipowner and the charterer throughout the chartering process (pre-fixture, fixture, execution of charter, post-fixture, claims handling), from a financial, operational and legal perspective. The interpretation of the above mentioned matters is considered of critical importance in chartering practice. The analysis is seen from a commercial stand point. Therefore, it is mostly addressed to the shipping practitioners, maritime economists, academics, students and researchers who seek to form a comprehensive view on the subject. It may also form a basis for further study on chartering aspects (legal, economic, managerial and practical).

Chartering practice, chartering policy, commercial risks, charterer, shipowner