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[Music] removing vast quantities of liquids around the world using vessels in this episode we're going to look at how we go about chartering those vessels hi I'm Richard watts founder of HR maritime welcome back to commodity brief in this episode we're going to continue this series where we're looking at the fundamentals of commodity trading and so we're going to be looking at tanker chartering basically we move large quantities of liquid products around the world and we use different types of vessels to move those we use tankers to move those around to move liquid and also to move gas so we have gas carriers as well so basically when we're looking at this subjects in point eight why are we actually chartering we're chartering because we need to have a contractual relationship between the charterer often the owner of the cargo and the ship owner and so we will go out and we will approach the market and will charter a vessel so in terms of chartering we're looking at the different part

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