charterparty

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charterparty

(ˈtʃɑːtəˌpɑːtɪ)
n, pl -parties
1. (Law) maritime law an agreement for the hire of all or part of a ship for a specified voyage or period of time
2. an individual or group that charters a ship, etc
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The Russian consul, too, acting for the charter-party, took formal possession of the ship, and paid all harbour dues, etc.
Burns, while still acting captain, had hastened to sign a charter-party which in an ideal world without guile would have been an excellent document.
I thought this was but a reasonable request on their part, and therefore I inclined to agree to it; for indeed I considered that to carry this whole company to the East Indies would not only be an intolerable severity upon the poor people, but would be ruining our whole voyage by devouring all our provisions; so I thought it no breach of charter-party, but what an unforeseen accident made absolutely necessary to us, and in which no one could say we were to blame; for the laws of God and nature would have forbid that we should refuse to take up two boats full of people in such a distressed condition; and the nature of the thing, as well respecting ourselves as the poor people, obliged us to set them on shore somewhere or other for their deliverance.
Part IV examines two 2013 cases decided by appellate courts in the United Kingdom: (i) whether a crane falling from a building during a severe cyclone in Mauritius and causing damage to an adjacent building constituted force majeure under that country's civil law; and (ii) whether a delay in the departure of a vessel loaded with crude oil, which was caused by a failure to follow the relevant Nigerian export and loading regulations, constituted force majeure under a charter-party and sales and purchase contracts.
Great Elephant Corp "), (94) the Court of Appeal (Civil Division) considered whether a force majeure provision of a charter-party contract operated to reduce the full demurrage rate owed by the charterer of a vessel to the ship-owner.
In collaboration with the Baltic & International Maritime Council (Bimco), the WFP developed its own charter-party form - Worldfood - which further enhanced the Programme's standing as a major charterer in the world freight market.
A charter-party was drafted as between the ship-owner and the broker, which provided that it was to be fully guaranteed by the Indian company, but it was never signed.

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