time charter

A charter for a specified period, rather than for a specific task or voyage; a charter under which the shipowner continues to manage and control the vessel, but the charterer designates the ports of call and the cargo carried.

• Each party bears the expenses related to its functions and for any damage it causes. Cf. voyage charter. [Cases: Shipping 40. C.J.S. Shipping §§ 92–101.]

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词条贡献者

资深译员Betty，知名法学院国际金融法专业，擅长翻译各类与并购业务相关的法律文件。