CHARTER PARTY - A written contract between the owner of a vessel and the one (the charterer) desiring to empty the vessel setting forth the terms of the arrangement, i.e., freight rate and ports involved in the contemplated trip.
Charter party: a contractual agreement between a ship owner and a cargo owner, usually arranged by a broker, whereby a ship is chartered (hired) either for one voyage or a period of time.
"A charter party may be a contract for the lease of the vessel or for a special service to be rendered by the owner of the vessel."
The person entitled to the exclusive use of the airplane, vehicle or vessel called the charterer.
An embargo detaining a vessel at the port of departure, or in the course of the voyage, does not, of itself, work a dissolution of a charter party, or the contract with the seamen.
 See also: Charter, Goods, Time, Contra, Contract
  
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