Who is a Charterer? Charterers freight market practitioners?

Who is a Charterer? Charterers freight market practitioners?

Charterer (also in Charter Party usually named in plural form as Charterers) is the person who, for the purposes of the Charter Party, controls the cargo.

In the case of coal, a Charterer may iron ore the mine such as Vale, or have bought the cargo from the mine owner under a spot contract or long-term sales contract such as Marubeni.

In grain, a Charterer could be Bunge who sometimes ship grain from their own estates or Cargill who often buy grain from third parties.

In simple terms, a Charterer controls and provides the cargo under the Charterparty.