Meaning of Charter Party

Charter Party

Language - English

Tamil Word - கப்பல் வாடகை ஒப்பந்தம்

A contract between a shipowner and a charterer for the hire of a ship or its cargo space. (e.g., The shipping company entered into a charter party agreement to transport goods from Chennai to Singapore.) While not directly related to land transactions, 'Charter Party' agreements might be found in historical Tamil Nadu documents, particularly in coastal regions, as they were used to facilitate maritime trade and the transportation of goods. These agreements could indirectly impact land-based businesses and industries reliant on shipping and trade.