Chartering is an agreement, whereby one party, the owner, puts a ship or a part of it at the disposal of another party, the charterer, for the carriage of goods between named. The charterer can turn, sublet the ship or a part of it to a third party, who now becomes the ?Disponent Owner?. The chartering agreement is contained in a document, called ?Charter Party?. In most countries, chartering agreements are governed by local legislation.