Legal Definitions - space charter

A space charter is a type of charter that involves hiring a part of a vessel's capacity, such as a specific hold or deck, or a specified part of the vessel's carrying capacity. It is a form of vessel-sharing agreement where the charterer rents a specific space on the vessel for a particular purpose.

• A company may charter a space on a cargo ship to transport their goods from one port to another.
• A group of tourists may charter a space on a cruise ship for a specific itinerary or destination.

These examples illustrate how a space charter works. The charterer rents a specific space on the vessel for a particular purpose, and the shipowner continues to manage and control the vessel. The charterer bears the expenses related to their function and any damage they cause.