Research on Shipping Business Market Challenges and Solutions

With the vigorous development of global trade, the shipping market has put forward higher requirements for the legal applicability and risk allocation mechanism of charter contracts, and the rent payment clause in time charter contracts directly affects the balance of rights and obligations between carriers and charterers. Time charter contract is a special legal phenomenon in the field of contract law,which as an important part of maritime law as well as adjusted by various countries contract laws,it involves numerous complex legal issues.The time charter contract contains massive contracts,this article focuses on the identity that carrier assumes under the rent payment clause in the shipping market and reduces the risk of cargo transportation by studying the contract and find out the problems solutions.The discussion on the optimization of the risk allocation mechanism of charter ship contracts not only helps to safeguard the rights and interests of all parties, but also provides theoretical support for improving international maritime shipping rules and promotes the standardized development of the shipping market.

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Publication Details

Journal
Applied and Computational Engineering
Published
2025-07-20
DOI
https://doi.org/10.54254/2755-2721/2025.bj25290
Primary Topic
Law, logistics, and international trade
Type
article
Field-Weighted Citation Impact
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article

Research on Shipping Business Market Challenges and Solutions

Shuning Wang
Applied and Computational Engineering
Law, logistics, and international trade
article

Research on Shipping Business Market Challenges and Solutions

Shuning Wang
article en

Abstract

With the vigorous development of global trade, the shipping market has put forward higher requirements for the legal applicability and risk allocation mechanism of charter contracts, and the rent payment clause in time charter contracts directly affects the balance of rights and obligations between carriers and charterers. Time charter contract is a special legal phenomenon in the field of contract law,which as an important part of maritime law as well as adjusted by various countries contract laws,it involves numerous complex legal issues.The time charter contract contains massive contracts,this article focuses on the identity that carrier assumes under the rent payment clause in the shipping market and reduces the risk of cargo transportation by studying the contract and find out the problems solutions.The discussion on the optimization of the risk allocation mechanism of charter ship contracts not only helps to safeguard the rights and interests of all parties, but also provides theoretical support for improving international maritime shipping rules and promotes the standardized development of the shipping market.

Applied and Computational EngineeringVol. 177(1)
Shanghai Maritime University (CN)
Openalex Percentile: Top 70%
Law, logistics, and international trade
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