Difference between revisions of "Charter Party"

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[[Category:Shipping Terms]]

Revision as of 22:22, April 6, 2008

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 ports involved in the trip.[1]

References

  1. ↑ U.S. Department of Transportation Maritime Administration [1]