Answer
A - It is a term used to describe a party who charters a ship from its actual owner & then sub-charter or leases it out to others.
- They doesn’t have legal ownership of the ship, they act as the De-facto owner for the duratn of the Charter agreement, bearing both the rights & obligations associated with operating of the ship.
- Reponsibilities
1.Ship operation & Mngmnt
2.Crew hiring & Mngmnt
3.Maintenance & Repair
4.Supplies & provisions
5.Voyage Planing & executn
6.Compliance with laws & reg.
7.Financial Mngmnt