Charter - Law Dictionary Search Results
Home Dictionary Name: charterTime Charter-party
Time Charter-party, a time charter, is 'one in which the ownership and also possession of the ship remain in the original owner whose remuneration or hire is generally calculated at a monthly rate on the tonnage of the ship, while a voyage charter is a contract to carry specified goods on a defined voyage on a remuneration or freight usually calculated according to the quantity of cargo carried'. In Carver's Carriage by Sea, it is stated that 'all charter-parties are not contracts of carriage. Sometimes the ship itself, and the control over her working and navigation, are transferred for the time being to the persons who use her. In such cases the contract is really one of letting the ship, and, subject to the express terms of the charter-party, the liabilities of the ship owner and the charterers to one another are to be determined by the law which relates to the hiring of chattels, and not by reference to the liabilities of carriers and shippers'. According to Scrutton on Charter-par...
Charter-party
Charter-party [fr. Charta partita, Lat., a divided charter; charte partie, Fr.]. When notaries were less common there was only one instrument made for both parties; this they cut in two, and give each his portion; an agreement in writing by which a ship owners agrees to let an entire ship, or part thereof, to a merchant, for the carriage of goods on a specified voyage, or during a specified period, for a sum of money which the merchant agrees to pay as freight for their carriage. By such an agreement the ship is said to be chartered to the merchant, who is called the charter. There are certain terms usually to be found in all charter-parties, e.g., a statement of the burthen of the ship, an undertaking by the ship-owner that the ship, being seaworthy and furnished with necessaries, shall be ready by a certain day to receive the cargo, shall sail when loaded, and deliver her cargo at her port of destination (the act of God or the King's enemies excepted), the charterer undertaking to lo...
Charter
Charter [fr. Charta, Lat.; chartre, Fr.], an evidence in writing of things done between man and man. Charters of the Sovereign are written instruments granting certain privileges or exemptions to any person or body politic (Jacob's Law Dict.) (see, e.g., the (English) Municipal Corporations Act, 1882, s. 210) or corporations; e.g., to 'chartered' banking or other trading companies [see 7 Wm. 4 & 1 Vict. c. 73, and (English) Chartered Companies Act, 1884 (47 & 48 Vict. c. 56)], or to a college or university [see (English) College Charter Act, 1871 (34 & 35 Vict. c. 63)], or to a City company, as the Apothecaries Company, whose charter, granted by James I., is cited in the (English) Apothecaries Act, 1815 (55 Geo. 3, c. 194). See LETTERS PATENT. The word also meant deeds and other documents of title belonging to private owners, Jacob's Law Dict....
Voyage charter-party, time charter party
Voyage charter-party, time charter party, it is a contract by which an entire ship or some principal part thereof is let to a merchant who is called the charterer, for the conveyance of goods on a determined voyage to one or more places, or until the expiration of a specified period; in the former case it is called a 'voyage charter-party', and in the latter a 'time charter-party', Union of India v. Gosalia Shipping (P) Ltd., (1978) 3 SCC 23 (29): AIR 1978 SC 1196....
Dry charter
Dry charter, the charter operates as a demise of the aircraft itself to the charterer, to which there may or may not be added the services of a crew. Such a contract is often referred to as a 'bare-hull charter', a 'dry charter' or a 'dry lease', Halsbury's Laws of England 1(2), para 1334, p. 658....
charter
charter [Old French chartre letter, formal document, from Late Latin chartula, from Latin, diminutive of charta sheet of papyrus] 1 a : a grant or guarantee of rights, powers, or privileges from an authority or agency of a state or country [a state bank ] compare constitution b : a written instrument that creates and defines the powers and privileges of a city, educational institution, or corporation compare articles of incorporation 2 : a written instrument from the authorities of a society creating a lodge, branch, or chapter 3 : a lease of a ship esp. for the delivery of cargo called also charter party vt 1 : to establish, enable, or convey by charter [ a bank] 2 : to lease or hire for usually exclusive and temporary use [ a ship] ...
Chartered
Granted or established by charter having or existing under a charter having a privilege by charter...
Chartered Accountant
Chartered Accountant. See ACCOUNTANT.Means a chartered accountant as defined in clause (b) of sub-s. (1) of s. 2 of Chartered Accountants Act, 1949 and who has obtained a certificate of practice under sub-s. (1) of s. 6 of that Act. [Advocates' Welfare Fund Act, 2001 (45 of 2001), s. 2 (e)]...
charter party
charter party : charter ...
Charterer
Charterer, a person who charters or hires a ship for a voyage or for a certain period; also a Cheshire freeholder, Sir P.Ley's Antiq. F. 356....
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