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Charg Chart

Charter party

A contract under which a charterer agrees to hire the use of a ship from a shipowner. The charterer in some cases will be empowered to issue his or her own bills of lading, known as charter party bill of…

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Charter party bill of lading

A bill of lading issued by a charter party. Charter party bills of lading are not acceptable by banks under letters of credit unless they are specifically authorized in the credit. See bill of lading.

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