charter

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charter,

document granting certain rights, powers, or functions. It may be issued by the sovereign body of a state to a local governing body, university, or other corporation or by the constituted authority of a society or order to a local unit. The term was widely applied to various royal grants of rights in the Middle Ages and in early modern times. The most famous political charter is the Magna CartaMagna Carta
or Magna Charta
[Lat., = great charter], the most famous document of British constitutional history, issued by King John at Runnymede under compulsion from the barons and the church in June, 1215.
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 of England. Chartered companies held broad powers of trade and government by royal charter. In colonial America, chartered colonies were in theory, and to an extent in fact, less subject to royal interference than were royal colonies.

Charter

 

(ustav), a body of rules regulating the structure, procedures, and activities of a state agency, enterprise, or institution or of a particular field of activity. Charters in the USSR include the Rules of Railroads of the USSR and the Statute on Secondary General-education Schools. Charters also regulate the armed forces of the USSR (see). Most charters are approved by the highest bodies of state authority in the USSR; the charters of some institutions and organizations are approved by the appropriate ministries and departments. Voluntary sports societies, the various artists’ unions, dacha-building and housing-construction cooperatives, and other organizations are also governed by charters.

Most international organizations have charters that outline their goals, organizational structure, and activities, for example, the Charter of the United Nations.

charter

1. a formal document from the sovereign or state incorporating a city, bank, college, etc., and specifying its purposes and rights
2. a formal document granting or demanding from the sovereign power of a state certain rights or liberties
3. the fundamental principles of an organization; constitution
4. 
a. the hire or lease of transportation
b. the agreement or contract regulating this
c. (as modifier): a charter flight
5. a law, policy, or decision containing a loophole which allows a specified group to engage more easily in an activity considered undesirable
6. Maritime law another word for charterparty
References in periodicals archive ?
owners of cargo carried on board the ship--the time charterer is often
54) The court noted, however, that the charter party explicitly stated that the charterer was only authorized to sign bills of lading on behalf of the master in accordance with the mate's receipts.
Yet, for owners with limited liquid assets and charterers with short term contracts to it is neither easy nor cost-effective to install and implement on-board performance monitoring.
Before 2010 only shipmanagement companies were established, but following the introduction of TTS companies by charterers and owners of foreign ships were established in Cyprus.
Under UAE law, demurrage is considered, for a finite time period, part of the hire owed by the charterer to the owner and, thereafter, is considered a claim for liquidated damages.
The charterer has the option to employ the vessel for a further twenty-two to twenty-six month period at the same daily gross charter rate less USD 350 per day commission paid to third parties.
Wallentin acknowledges that the solution and guarantee may not be attractive for all vessels and all trades, but that the methodology behind HPS serves as a useful tool for all owners and charterers seeking improved data on hull performance.
Since the previous charterer, Harkand, went into administration, the vessel has been in lay-up, added the company.
The bill of lading did not state that the vessel was under charter and did not mention the name of the charterer or the owner, also the charterparty was not attached to the bill of lading.
The charterer also has an option to extend the contracts by a further three-year period.
Haiti has seized a cargo ship and arrested its captain and chief engineer in a dispute over cargo bound for Trinidad & Tobago, the ship's charterer reports, CANA-Reuters (January 3, 2000):
High cost pressure in the merchant shipping industry and increasing availability requirements from the charterer side require reliable maintenance of ships and their systems.