what is charter party
som747167:
the term charter party stands for the contract between the owners of a vessel and the charterer which is the one that takes over the vessel for a certain amount of time or voyage
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A charterparty is a maritime contract between a shipowner and a "charterer" for the hire of either a ship for the carriage of passengers or cargo, or a yacht for pleasure purposes. Charter party is a contract of carriage of goods in the case of employment of a tramp.
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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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