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Glossary of Terms Used for USAID's Automated Directives System (ADS) - Updated 07/15/2011 Partial Revision

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Term Definition
Charter - Charter Party

A contract for the hire of a ship or aircraft or portion thereof, for one or more voyages or flights, or for a period of time. Its clauses include freight rate, despatch, demurrage, brokerage commissions, etc. as well as provisions established by international agreements and, by reference, provisions of law. The charter - charter party usually overrides any provisions of the carrier's bill of lading, although it may provide that the bill of lading shall serve as a receipt for the cargo (USAID Automated Directives System - ADS - Chapter 314).

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