What is charterer in SAP IS-OIL-DS-TSW - Trader's and Scheduler's Workbench?

SAP Term: charterer

• Component: IS-OIL-DS-TSW

• Component Name: Trader's and Scheduler's Workbench

• Description: A party who hires, rents, or leases something, usually for exclusive and temporary use.

Smart SAP Assistant

• Key Concepts: 
  A charterer is a person or company that rents a vessel from an owner for a specific period of time. In the IS-OIL-DS-TSW Trader's and Scheduler's Workbench, the charterer is responsible for the vessel's voyage and cargo. The charterer is also responsible for paying the owner for the use of the vessel. 
  
  How to use it: 
  In the IS-OIL-DS-TSW Trader's and Scheduler's Workbench, the charterer can be used to book a voyage and manage cargo. The charterer can also be used to negotiate terms with the owner, such as payment terms and duration of the voyage. 
  
  Tips & Tricks: 
  When negotiating with an owner, it is important to be aware of all potential costs associated with the voyage. This includes fuel costs, port fees, and any other costs that may arise during the voyage. It is also important to ensure that all terms are clearly outlined in the contract between the charterer and owner. 
  
  Related Information: 
  The IS-OIL-DS-TSW Trader's and Scheduler's Workbench also includes features such as voyage planning, cargo management, and vessel tracking. These features can be used in conjunction with the charterer to ensure a successful voyage.