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What does CHOPT stand for?

CHOPT stands for Charterer's Option (shipping)

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

50 min: November 2011 max: January 2012 China 135,364 Capesize 1992 $12,753 min: November 2015 max: October 2016 Grand Ocean 149,498 Capesize 1990 $15,360, one additional year charterer's option at $15,360 min: December 2010 max: April 2011 max (if option exercised): April 2012 Grand Venetico 134,982 Capesize 1990 $17,760 additional six month charterer's option at $17,760 min: June 2011 max: October 2011 max (if option exercised): April 2012 Grand Rodosi(3) 68,788 Panamax 1990 $10,174.
The following table presents information about the drybulk vessels: Profit Daily Sharing Dwt Year Charter Expiry Base Rate Above Base Rate (2007) Drybulk 51,200 2002 Bareboat May 1st or $25,650 None Vessel #1 Charter June 30th 2009, at charterer's option Drybulk 73,506 1995 Time 24-26 months from $29,700 None Vessel #2 Charter delivery, at charterer's option Drybulk 45,526 2000 Time 23-25 months from $22,000 None Vessel #3 Charter December 30th, 2006 at charterer's option Total 170,232 Drybulk DWT Liquidity and Capital Resources As of June 30, 2007, TOP Tankers had total indebtedness under senior secured credit facilities of $348.