charterparty

noun

charterparty

noun

Etymology From French charte-partie, literally divided charter, as the practice involved dividing it in two and giving one half to each person.

1

Law A contract between a shipowner and a merchant, under which a ship is hired for the conveyance of goods, etc.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.