Definition of Charterparty:
Lease agreement between the owner of the aircraft (aircraft or aircraft) and the lessee or lessee (charter). As part of a charter agreement, a ship is chartered (in whole or in part) for one or more voyages (charter voyages) or for a specified period (time charter). Generally, the owner retains ownership and control, while the tenant has the right to choose the call port. It is also called a charter agreement or charter agreement and it is also written in the form of a charter agreement.
Meaning of Charterparty & Charterparty Definition