Time charter. Time charter is a way of chartering ships for transportation at a certain time, which is also called time charter. The ship party shall provide seaworthy ships within the lease period specified in the contract and bear the relevant expenses for maintaining seaworthiness. During this period, the charterer can still dispatch and control the ship by himself within the specified navigation area, but shall be responsible for all expenses in the operation process such as fuel fee, port fee and handling fee.