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charterparty

   Also found in: Legal, Wikipedia 0.01 sec.
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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Jon Boaden is recognised for his shipping and trade litigation expertise while Jonathan Green specialises in charterparty, bill of lading and sale contract disputes.
Where a charter-party contains a provision that disputes arising thereunder shall be referred to arbitration and a bill of lading issued pursuant to the charterparty does not contain a special annotation providing that such provision shall be binding upon the holder of the bill of lading, the carrier may not invoke such provision as against a holder having acquired the bill of lading in good faith.
The tanker would be contracted under a long-term charterparty arrangement.
 
 
 
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