A charter under which the shipowner provides a ship and crew, and places them at the disposal of the charterer for the carriage of cargo to a designated port. • The voyage charterer may lease the entire vessel for a voyage or series of voyages — or may (by “space charter”) lease only part of […]
navagium (na-vay-jee-[schwa]m), n. [Latin “ship; voyage”] Hist. A tenant’s duty to transport the lord’s goods by ship.
bottomry. Maritime law. A contract by which a shipowner pledges the ship as security for a loan to finance a voyage (as to equip or repair the ship), the lender losing the money if the ship is lost during the voyage. • The term refers to the idea that the shipowner pledges the ship’s bottom,
Average resulting from an intentional partial sacrifice of ship or cargo to avoid total loss. • The liability is shared by all parties who had an interest in the voyage. — Abbr. GA. — Also termed gross average; general-average contribution. [Cases: Shipping 186–202. C.J.S. Shipping §§ 458–470.]
safe-port clause. Maritime law. A provision in a voyage or time charterparty obligating the charterer to choose a port where the ship will be safe from damage. • The ship’s master can refuse to enter the port without breaching the charter. But if the master reasonably enters the port and the ship is damaged, the
stowage (stoh-ij).Maritime law. 1. The storing, packing, or arranging of cargo on a vessel to protect the goods from friction, bruising, or water damage during a voyage. • The bill of lading will often prescribe the method of stowage to be used. [Cases: Shipping 110. C.J.S. Shipping §§ 326, 328.] 2. The place (such as
An agreement to indemnify against injury to a ship, cargo, or profits involved in a certain voyage or for a specific vessel during a fixed period, or to protect other marine interests. [Cases: Insurance 2214–2256. C.J.S. Insurance §§ 394, 400–409, 434, 996–1014, 1195–1229.]
Marine insurance. Insurance covering the insured for a specified period. Cf. voyage insurance.