charterparty
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
Law noun
A contract for the hire of a ship or its cargo-carrying capacity between shipowner and charterer.
The charterparty allocated the risk of port delays to the charterer through a laytime clause.
Business noun
A contract hiring a ship or part of its capacity for the carriage of goods.
The charterparty fixed the freight rate and set the laytime allowed at each port.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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