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Chartering: meaning, definitions and examples

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chartering

 

[ หˆtสƒษ‘หrtษ™rษชล‹ ]

Verb / Noun
Context #1 | Verb

business arrangement

Chartering refers to the act of renting or leasing a vessel or vehicle for a specific time or purpose. This term is commonly used in the shipping and transportation industries, where companies lease ships or aircraft to transport goods or passengers. Chartering can involve various agreements and terms, depending on the type of vessel and the duration of the lease. It allows businesses to operate without the overhead costs of ownership.

Synonyms

hiring, leasing, renting

Examples of usage

  • The company is chartering a yacht for the summer vacation.
  • They are chartering a flight for the corporate retreat.
  • Chartering a bus is more economical for large groups.
  • He is chartering a fishing boat for the weekend.
Context #2 | Noun

legal document

A chartering agreement is a legal document that outlines the terms and conditions under which a vessel, vehicle, or aircraft is leased. It typically includes details about the duration of the charter, rental fees, responsibilities of both parties, and any additional provisions related to the use of the property. Chartering agreements are crucial in ensuring that both the lessor and lessee have a clear understanding of their obligations and rights.

Synonyms

agreement, contract, document

Examples of usage

  • They signed a chartering agreement before the trip.
  • The chartering process can be complex and requires legal assistance.
  • A chartering contract helps avoid disputes.
  • Understanding the chartering terms is essential for compliance.

Translations

Translations of the word "chartering" in other languages:

๐Ÿ‡ต๐Ÿ‡น afretamento

๐Ÿ‡ฎ๐Ÿ‡ณ เคšเคพเคฐเฅเคŸเคฐเคฟเค‚เค—

๐Ÿ‡ฉ๐Ÿ‡ช Charterung

๐Ÿ‡ฎ๐Ÿ‡ฉ penyewaan

๐Ÿ‡บ๐Ÿ‡ฆ ั‡ะฐั€ั‚ะตั€ัƒะฒะฐะฝะฝั

๐Ÿ‡ต๐Ÿ‡ฑ czarterowanie

๐Ÿ‡ฏ๐Ÿ‡ต ใƒใƒฃใƒผใ‚ฟใƒผ

๐Ÿ‡ซ๐Ÿ‡ท affrรจtement

๐Ÿ‡ช๐Ÿ‡ธ fletamento

๐Ÿ‡น๐Ÿ‡ท kiralama

๐Ÿ‡ฐ๐Ÿ‡ท ์ฐจํ„ฐ๋ง

๐Ÿ‡ธ๐Ÿ‡ฆ ุชุฃุฌูŠุฑ

๐Ÿ‡จ๐Ÿ‡ฟ pronรกjem

๐Ÿ‡ธ๐Ÿ‡ฐ prenรกjom

๐Ÿ‡จ๐Ÿ‡ณ ๅŒ…็งŸ

๐Ÿ‡ธ๐Ÿ‡ฎ najem

๐Ÿ‡ฎ๐Ÿ‡ธ leiga

๐Ÿ‡ฐ๐Ÿ‡ฟ ะถะฐะปา“ะฐ ะฐะปัƒ

๐Ÿ‡ฌ๐Ÿ‡ช แƒฅแƒ˜แƒ แƒแƒแƒ‘แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ icarษ™

๐Ÿ‡ฒ๐Ÿ‡ฝ fletamento

Etymology

The term 'chartering' originates from the word 'charter', which is derived from the Latin 'carta', meaning 'a written document'. Historically, charters were formal documents that granted rights or privileges to individuals or groups, particularly in relation to trading or land ownership. The use of the term in the context of transportation began to gain traction in the maritime industry during the 18th and 19th centuries, as shipping companies started to lease their vessels to others for specific voyages. This allowed for more flexibility in trade and transportation, giving rise to the modern shipping practices we see today. Over time, the concept of chartering expanded beyond maritime transport to include aircraft and land vehicles, reflecting the evolution of the transportation sector and the growing need for efficient logistical solutions.

Word Frequency Rank

Positioned at #24,109, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.