What is charter party in SAP TM-ADP-CSL-NAO - Network & Operations for Container Shipping Liners?

SAP Term: charter party

• Component: TM-ADP-CSL-NAO

• Component Name: Network & Operations for Container Shipping Liners

• Description: The charter contract between the charterer and the owner of a vessel, with standard terms and additional clauses to specify special conditions.

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• Key Concepts: 
  A charter party is a contract between a shipowner and a charterer for the hire of a vessel for a specific voyage or period of time. It is used in the container shipping liner (CSL) network and operations component of SAP Transportation Management (TM). The charter party defines the terms and conditions of the agreement, including the type of vessel, the duration of the charter, and the freight rate. 
  
  How to Use it: 
  In SAP TM, the charter party is used to define the contractual relationship between a shipowner and a charterer. The charter party is created in the CSL Network & Operations component and contains all relevant information about the agreement, such as the type of vessel, duration of charter, and freight rate. The charter party can then be used to generate documents such as bills of lading and invoices. 
  
  Tips & Tricks: 
  When creating a charter party in SAP TM, it is important to ensure that all relevant information is included. This includes details such as the type of vessel, duration of charter, and freight rate. Additionally, it is important to ensure that all documents related to the charter party are properly stored in SAP TM for easy retrieval. 
  
  Related Information: 
  For more information on charter parties in SAP TM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_TRANSPORTATION_MANAGEMENT/9.0/en-US.