Bankable Charter

Summary of Bankable Charter

A charter party in which the shipper is of such credit worthiness or financial Balance on Goods and Services. Balances on Current Account, Trade, and Services as Percent of GNP. standing that the vessel owner may use the charter contract as collateral for loans. In some cases, long-term charter agreements with major firms may serve as the basis for the building of ships for future use to fulfill the terms of the charter contract.

(Main Author: William J. Miller)