Chartering involves renting an entire ship through an agreement between the shipowner and charterer, who is the individual or organization renting the ship. There are many common reasons why a charterer rents a ship, such as to transport their own cargo, offer shipping services to another party, or re-rent the ship to earn a profit.

1. Chapter Three
 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.