Risk glossary


Charter party

A contract by which the owner of a vessel (aircraft or ship) leases his craft to or hires a charterer for a fixed period of time or a set number of voyages. Normally, the vessel owner retains rights of possession and control while the charterer has the right to choose the ports of call. It also goes under the name of charter agreement or charter contract.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: