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ARTICLE · 14 OCTOBER 2022

5 Common Mistakes Made By Ship Charterers And How To Avoid Them

Olisa Agbakoba Legal (OAL)
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A ship charterer is a person or company who enters into an agreement with a ship owner for the hire of a ship either for the carriage of passengers or cargo on a ...

NigeriaTransport
Frank Ihedoro
Frank Ihedoro

A ship charterer is a person or company who enters into an agreement with a ship owner for the hire of a ship either for the carriage of passengers or cargo on a particular voyage to one or more places or until the expiration of a specified time. This article explains the five (5) common mistakes made by ship charterers and how to avoid them.

The five common mistakes made by ship charterers include:

  1. Not paying attention to market issues: A ship charterer should be aware of recent happenings in the market including the current market levels and the price of sea freight shipping. Therefore, it will be possible to identify the best moment to issue an order of need or search for a ship, as well as putting cargo on the market.

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