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Charter Party - a contract by virtue of which the owner or agent binds himself to
transport merchandise or persons for a fixed price.
- Parties:
o Ship owner or ship agent
o Charterer
The charterer becomes the owner of the vessel pro hac vice, just for
that one particular purpose only. Because the charterer is treated as
owner pro hac vice, the charterer assumes the customary rights and
liabilities of the shipowner to third persons and is held liable for the
expense of the voyage and the wages of the seamen.