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charter party

noun
1.
charter (def 5).
Origin
1530-1540
1530-40
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Encyclopedia Article for charter-party

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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12
12
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