The contract between the vessel owner and the charterer for the charter of a vessel. This is a legal document that outlines the terms of the charter agreement between the two parties.

A response to a claim value put forth by one party to the other, comprised of a revised monetary figure for the claim and supporting materials for the newly proposed amount.

From the perspective of each company involved in a claim, the counter party is the other party. For example, if you are the issuer, then the counterparty is the receiver. If you are the receiver, then the counterparty is the issuer.

A person or company that has commercial control over a vessel's operation without owning the ship.

The individual or company that holds legal title to a vessel.