UNIT TWELVEUnit Twelve • September 30th, 2014
Contract Type FiledSeptember 30th, 2014A charter party is a document of contract by which a shipowner agrees to lease, and the charterer agrees to hire, a vessel or all the cargo space, or a part of it, on terms and conditions forth in the charter party. If permitted to do so by the terms of charter party, the charterer may enter into subcontracts with other shippers.