charterparty

[US]/ˈtʃɑːtəpɑːti/
[UK]/ˈtʃɑːrtərpɑːrti/

Translation

n.A contract for the hire of a vessel and its equipment for a voyage or series of voyages
Word Forms

Example Sentences

the shipowner and charterer signed the charterparty yesterday.

they decided to sign a time charterparty for a period of three years.

the voyage charterparty specifies the loading and discharge ports.

a breach of charterparty terms can lead to significant financial penalties.

legal disputes often arise regarding the interpretation of the charterparty.

the charterparty stipulates the exact freight rate per ton of cargo.

we need to review the arbitration clause in the charterparty carefully.

standard forms like gencon are frequently used for the charterparty.

the demurrage rate is clearly defined within the charterparty agreement.

the court ruled that the charterparty was void due to misrepresentation.

it is customary to incorporate the hague-visby rules into the charterparty.

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