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Charterer

   Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
char·ter  (chärtr)
n.
1. A document issued by a sovereign, legislature, or other authority, creating a public or private corporation, such as a city, college, or bank, and defining its privileges and purposes.
2. A written grant from the sovereign power of a country conferring certain rights and privileges on a person, a corporation, or the people: A royal charter exempted the Massachusetts colony from direct interference by the Crown.
3. A document outlining the principles, functions, and organization of a corporate body; a constitution: the city charter.
4. An authorization from a central organization to establish a local branch or chapter.
5. Special privilege or immunity.
6.
a. A contract for the commercial leasing of a vessel or space on a vessel.
b. The hiring or leasing of an aircraft, vessel, or other vehicle, especially for the exclusive, temporary use of a group of travelers.
7. A written instrument given as evidence of agreement, transfer, or contract; a deed.
adj.
Of, relating to, or being an arrangement in which transportation is leased by a group of travelers for their exclusive, temporary use.
tr.v. char·tered, char·ter·ing, char·ters
1. To grant a charter to; establish by charter.
2. To hire or lease by charter: charter an oil tanker.
3. To hire (a bus or airplane, for example) for the exclusive, temporary use of a group of travelers.

[Middle English chartre, from Old French, from Latin chartula, diminutive of charta, paper made from papyrus; see card1.]

charter·er n.

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No, you won't,' says she; 'I'm the charterer of the Emily, and Captain Munster has acted under my orders.
Almost each morning a letter from my owners would arrive, directing me to go to the charterers and clamour for the ship's cargo; to threaten them with the heaviest penalties of demurrage; to demand that this assortment of varied merchandise, set fast in a landscape of ice and windmills somewhere up-country, should be put on rail instantly, and fed up to the ship in regular quantities every day.
The crew was sickly, the cargo was coming very slow; I foresaw I would have lots of trouble with the charterers, and doubted whether they would advance me enough money for the ship's expenses.
 
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