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

法律翻译家欣，毕业于德国顶尖的高级翻译学院，专注翻译各类与体育诉讼有关的法律文件。