LEGAL OPINION – Charterparty-Freight

Through a charter party, the shipowner undertakes, in its own name, to carry the goods by sea, using a vessel to do so. The charterer is the shipper of the goods and his part of the contract is to pay the agreed freight.

The contract for the carriage of goods is evidenced also by the bill of lading which is issued. Freight is paid, subject to a different arrangement between the parties, in advance, following completion of loading.

Supreme Court Judgment no 1963/2017, Presiding: I. Tsalaganidis, Rapporteur Judge: A. Thoua, Attorneys at law: Chr. Filios, G. Pavlis, Maritime Law Review vol. 46, p. 25.

NOTE: In a carriage of goods on the bill of lading terms, the shipper occupies a part only of the vessel. In a carriage of goods on charterparty terms, the charterer occupies the entire vessel space.