“Disponent owners” are sometimes mentioned in time charters. Who are they?

Where a charter party contains a Subletting Clause allowing the first charterers to sub-let the vessel to other charterers, the first charterers, or “head charterers”, becomes the disponent owners, meaning they take the place of the real owners in that relationship.

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Under a time charter party, what are the charterers usually responsible for?

Under a time charter party, what are owners usually responsible for?