CHARTERING Meaning and
Definition
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Chartering refers to the act of hiring or renting a vessel, aircraft, or other means of transportation for a specific purpose or period of time. It involves the contractual agreement between the charterer and the owner of the transportation service.
In the context of maritime transport, chartering typically involves the temporary lease of a ship or boat by an individual, company, or organization. This can be for various reasons, including transporting goods, passengers, or even a private event such as a wedding or corporate retreat. The charterer pays a fee to the owner, known as the charter hire, which covers the use of the vessel for the agreed-upon period.
Similarly, aircraft chartering involves the rental of an airplane or helicopter for personal or business use. Individuals may charter a plane for vacations, while companies often charter aircraft for executive travel or to transport goods to remote locations.
Chartering can also be used to refer to the process of establishing and granting certain rights or privileges. For instance, a city or municipality may charter a company to provide public transportation services within its limits.
In summary, chartering involves the temporary rental or hiring of a vessel or aircraft for specific purposes or periods of time, typically through a contractual agreement between the charterer and the transportation service provider.
Top Common Misspellings for CHARTERING *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for CHARTERING
Etymology of CHARTERING
The word "chartering" originated around the 14th century and is derived from the Middle English term "chartre", which is derived from the Old French word "chartre" or "chartule". Both the English and French terms are ultimately derived from the Late Latin word "chartula", which means a legal document or a written record. This Latin term itself is a diminutive form of "charta", meaning paper or parchment. Thus, the etymology of "chartering" traces back to the idea of formal written agreements or documents, particularly those related to legal contracts or official records.
Similar spelling words for CHARTERING
Conjugate verb Chartering
CONDITIONAL
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