Sub-letting. It is customary to stipulate in a time or voyage charterparty that charterers have the right of sub-letting the whole or part of the vessel on the understanding, however, that they remain responsible to the shipowners for the due fulfilment of the original charterparty. In the case of a voyage charterparty, sub-letting will probably take the form of booking other cargo by charterers.
- Font Size
- Reading Mode