charter party

noun
charter ( def 5 ).

Origin:
1530–40

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Encyclopedia Britannica
Encyclopedia

charter party

contract by which the owner of a ship lets it to others for use in transporting a cargo. The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
We will first consider indemnification under the charter party.
Three other members of the charter party hooked-up with large fish simultaneously.
Ocean freight contract--a charter party or liner booking note.
Issued to charter party carrier operating limousines to and from airports.
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