What do you mean by Charter party..??
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Charter party, contract by which the owner of a ship lets it to others for use in transporting a cargo. ... The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer.
Answered by
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Charter party, contract by which the owner of a ship lets it to others for use in transporting a cargo. The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer.
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