The terms “charter” and “Charter party” relay either to agreement of hire of the vessel, e.g. time charter, bare boat charter, or to agreement of carriage of goods by sea. To avoid confusion, this fact should be taken into consideration once discussing issues and clearly distinguished for avoiding confusions. It is clear, that proposed changes in shipping practice and regulations will influence time aspects in both meanings of the term “charter” as making impact on vessels physical presence in agreed place or at certain position or range, subject of agreement in particular charter party. These issues will be discussed later in this report in both meanings of the charter term.