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 ?
"There is a very strong commercial pressure for a charterer to perform at the agreed rate.
It developed and implemented a Passport Action Plan and secured an insurance deal with a New York-listed dry ship operator to insure an entire fleet against the risk of charterer default.
and potential third-party risks that a time charterer carrying dangerous
This situation arises when more than one carrier enters into a contract with the shipper, usually when bills of lading are signed by the charterer "for the master" thus making both the charterer and the vessel owner COGSA carriers.
According to legislation, the TTS is available to any qualifying person which are either owner, charterer or ship manager who owns, charters or manages a qualifying ship in a qualifying shipping activity.
A claim for demurrage arises in the context of a voyage charterparty when a charterer exceeds the permitted time period for loading and/or discharging its cargo (commonly known as 'laytime').
Based on the existing time charterparties and their addenda, the charterer has the option to redeliver the m/v YM Los Angeles at any time between October 19, 2016 and February 19, 2017 and the m/v YM New Jersey at any time between September 24, 2016 and January 24, 2017.
The charterer is Australian company Woodside Petroleum Ltd (ASX:WPL).
A comprehensive summary will be delivered to the owner or charterer annually and at the end of the guarantee period.
The vessel is to be delivered to the Charterer during the second half of 2010 for a four years time charter contract.
Rio Tinto is the latest major charterer to invest in the Intersleek 900 fluoropolymer paint system.
The charterer only came to understand the purpose of the arrest, when the ship had received an arrest order for a claim filed by "a Swiss" bank from the Sharjah Court for a failure of a third party's actions, who could not return their loan to the bank.