Русско-англо-русский юридический словарь

Contract of affreightment is a generic term which covers all contracts for the carriage of goods by sea (both charter parties and bills of lading are contracts of affreightment). It is also used in a more limited sense when it means a contract, by which the shipowner promises to satisfy the charterer's need for transport capacity over a certain period of time, often one year or several years. (Chartering)

Chartering is an activity within the shipping industry whereby a shipowner hires out the use of his/her vessel to a charterer. (Wikipedia)

Whereas Hull & Machinery insurance covers shipowners against loss of or damage to their own ship, Protection & Indemnity Insurance (P&I) protects the Owner for his/her liabilities to other parties arising out of the use of that ship.

Protection and Indemnity Insurance has evolved over the past 150 years, ever since shipowners were first held to be liable for the losses suffered by third parties arising out of the operation of a vessel. (DOCPLAYER)

A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a "charterer" for the hire of either a ship for the carriage of passengers or cargo, or a yacht for leisure. (Wikipedia)