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What is meant Charter Party? - Commerce

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What is meant Charter Party?

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उत्तर

A charter party is a formal agreement between shipowner and the exporter under which exporter hires an entire ship or a major part of ship either for a particular voyage or for a specific time period when the shipping is heavy. The hiring of ship for specific voyage is called voyage charter while this hiring of entire ship for a specific time period is called time charter.

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Meaning of Export Trade
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पाठ 26: Export and Import Procedures - Exercises [पृष्ठ २८०]

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सामाचीर कलवी Commerce [English] Class 11 TN Board
पाठ 26 Export and Import Procedures
Exercises | Q III. 3. | पृष्ठ २८०
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