charter party
- A contract outlining the terms of a rental agreement between the owner of a ship and a person who wants to use it, detailing the length of the agreement, shipping cost, and ports included in the voyage
- Under the charter party, the shipping cost was split evenly between the two companies.
- The charter party specified the duration of the ship's employment.
- The ports of call were clearly documented in the charter party.
Provide Feedback
