A charterer can also be a cargo-free party that charters a ship by the owner for a certain period of time and then exchanges the vessel with a profit higher than the rental price, or even makes a profit in a rising market by re-leasing the vessel to other charterers. 1.1 The owner leases Bareboat-Charter and the charterer rents the vessel for the charter period for charter costs. Time Charter Equivalent is a standard performance level for the marine industry that is primarily used to compare periodic changes in a shipping company`s performance despite changes in the mix of charter types. 6.1.1 If the charterer notifies the owner in writing of his resignation from the charter, at least two full calendar months before the start of the charter period, the deposit expires, but the charterer is not responsible for the amount of the balance of payments (and if they have already been paid and/or the deposit or payment of fuel and accidental damages, they will be refunded and/or refunded). If the owner charters the vessel for the charter period for no less than the charter costs, half of the advance shall be reimbursed. In such circumstances, the owner will do everything in his power to re-charter the ship and may not refuse to give his undue consent to the relocation, although charters that can reasonably be considered harmful to the ship, its reputation or its schedule may be refused. 5.10 The charterer shall limit the number of persons in his party to a number of berths on the ship, except by prior appointment with the owner, this agreement being conditional on the party to the charterer does not exceed the number of berths authorized by the competent authority on the ship. In the case of a bareboat rental, less used in usual commercial practice, the shipowner shall deliver it to the charterer for the agreed period, without crew, warehouse, insurance or other disposition. Contracts may also be subject to a lump sum agreement if an owner agrees to ship from one port to another a certain quantity of a declared cargo for a declared sum of money.
6.3 If, prior to the date of cancellation, the ship has assumed the charter arrangements or if the owner has had to meet other expenses on behalf of the charterer, the charterer shall reimburse such costs, unless the charterer can be reimbursed in whole or in part by the supplier or transferred to the next charter; in this case, these costs will be adjusted accordingly. The owner is obliged to reduce these costs as much as possible. 4.6 In the event of significant damage to the ship during the charter period giving entitlement to the ship`s insurance or in the event of a breakdown of equipment or materials rendering the ship unusable, a proportional credit shall be made for the period during which the ship has not been seagoing or unusable, or (if the charter chooses this and the subsequent charter of the yacht authorisation) the charter period shall be extended for the period of such forced incapacity, provided that neither the charterer nor any member of its party caused or contributed to the damage or breakdown, and provided that the owner is not held liable for any other compensation in the event of damage or breakdown, whether with regard to consequential losses, financial or other losses, whether. – Damage or collapses are caused by the negligence of the owner and lead to death or aggression….