Chartering is an activity within the shipping industry in which a shipowner leases the use of his vessel to a charterer. The contract between the parties is referred to as a charter-party (from the French «charte partie» or «document séparé»). The three main types of charters are: shipwreck charter, voyage charter and time charter. Charter party, a contract by which the owner of a ship leases it to others for use in the carriage of cargo. The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is controlled by the charterer. 1.1 The owner shall lease the bareboat charter and the charterer shall lease the vessel for the charter period for the charter costs. The owner shall make all reasonable efforts to rehabilitate the ship and shall not unreasonably refuse to consent to re-election, although charters that can reasonably be considered prejudicial to the ship, its reputation or its schedule may be refused. .