This charterer needs to have some credible standing in the market and the owners will verify this info. I am sure that there must be some criteria to check whether the company chartering a vessel has a strong financial standing.Ī#11: Normally when there is a request for fixture, one of the key questions that a ship owner will ask is the details of the charterer who will be signing the charter party. ![]() Is it possible to charter/ hire vessel costing millions of dollars by such company with no financial standing. ![]() Q#11: While entering a charter party agreement whether any vessel owner would enter into a charter agreement with a company which is nominally formed entity with share capital of One GBP.
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