Charterparty
/ˈtʃɑːrtərˌpɑːrti/
Definitions
- (n.) A contract between the owner of a ship and a charterer for the hire of the vessel or part of its freight space.
The parties signed a charterparty specifying the terms of the vessel's hire.
Forms
- charterparty
- charterparties
Related terms
See also
Commentary
Charterparties govern specific agreements for vessel use, distinct from general shipping contracts; precise terms on hire, duration, and cargo are key drafting points.
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.