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charter party

charter (def 5).
1530-40 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for charter party
  • 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.
Encyclopedia Article for 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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