Charterparty

A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a "charterer" for the hire of either a ship for the carriage of passengers or cargo, or a yacht for leisure.[1]

Charter party is a contract of carriage of cargo in the case of employment of a (charter boat). It means that the charter party will clearly and unambiguously set out the rights and responsibilities of the ship owner and the charterers and any subsequent dispute between them will be settled in the court of law or any agreed forum with reference to the agreed terms and conditions as embodied in the charter party. The name "charterparty" is an anglicisation of the French charte partie, or "split paper", i.e. a document written in duplicate so that each party retains half.[2][3]

  1. ^ "CHARTER-PARTY Definition & Legal Meaning". Black's Law Dictionary (2nd ed.). 4 November 2011. Retrieved March 10, 2023.
  2. ^ Chisholm, Hugh, ed. (1911). "Charter-party" . Encyclopædia Britannica. Vol. 5 (11th ed.). Cambridge University Press. p. 953.
  3. ^ The Latin term charta partita is a back-formation, and not a true etymological source.

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