charterparty

English - English

Definition of charterparty in English English dictionary

{n} a writing containing an agreement for the hire of a vessel

[carta partita, a deed cut in two] A written agreement by which a ship owner lets an entire ship, or part of it, to the charterer The charterer agrees to convey goods to a particular place Principally, the agreement stipulates places of loading and delivery and how the freight is to be paid for Also it includes details of lay days, and demurrage The test is: has the owner parted with the whole possession and control of the ship?

A contract to hire an entire ship for a particular voyage or for a particular period of time

A transportation contract between a ship owner and shipper/charterer for the carriage of a cargo, which may include voyage or time charters

A contract between a shipowner and a party who hires his ship for an agreed period of time, or for a specific voyage or a series of voyages