A '''Charter Party''' is a written [[contract]] between the owner of a vessel and the person desiring to employ the vessel which sets forth the terms of the arrangement such as duration of agreement, freight rate and [[port]]s involved in the trip.<ref>U.S. Department of Transportation Maritime Administration [http://www.marad.dot.gov/publications/glossary/glossary.html]</ref>
+
A '''charter party''' is a written [[contract]] between the owner of a vessel and the person desiring to employ the vessel which sets forth the terms of the arrangement such as duration of agreement, freight rate and [[port]]s involved in the trip.<ref>U.S. Department of Transportation Maritime Administration [http://www.marad.dot.gov/publications/glossary/glossary.html]</ref>