Charter party Meaning, Definition & Usage

Definitions

1. F. chartre partie, or charte partie, a divided charter; from the practice of cutting the instrument of contract in two, and giving one part to each of the contractors (Com.), a mercantile lease of a vessel; a specific contract by which the owners of a vessel let the entire vessel, or some principal part of the vessel, to another person, to be used by the latter in transportation for his own account, either under their charge or his.

Definitions

1. . See under Charter.