Chartering
/ˈtʃɑːrtərɪŋ/
Definitions
- (n.) The act or process of granting a formal written document (charter) conferring rights, privileges, or authority, often to a corporation or municipality.
The company's chartering by the state authorized it to operate legally.
- (n.) The commercial practice of hiring or leasing a vessel, aircraft, or vehicle for transportation purposes under a charter party agreement.
Chartering a ship for the transatlantic voyage is common in maritime trade.
Related terms
See also
Commentary
Chartering can refer both to the legal act of granting charters and the commercial leasing of transport means; context is key for interpretation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.