Charter parties are highly standardized contracts. Terms and conditions of the contract arernhighly detailed and complicated. The role of the charterer is not limited to paying the agreedrnfreight rate. Even if the vessel is manned and navigated by the owner, the charterer has activernrole in the commercial management of the ship and loading and unloading operations. ThernMaritime code has contained age old provisions governing charterparties. All the charter partiesrnthat has been concluded by Ethiopian Shipping and Logistics enterprise have never selected thernEthiopian law and courts to govern the charters. They rather choose England Law andrnArbitration. The Compatibility of the code in governing standard charterparties, Main rights andrnduties of Shipowner and Charterer in light of England law and Ethiopian law, and the practicalrnlegal problems arising in relation to charters parties have been examined by this paper