charter

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Charter

Articles of Incorporation

A document outlining the basic functions of a company. Among other things, it states whether it will be an S Corporation or a C Corporation and how many authorized shares there will be. It also states how its corporate governance and operations will work. A company that seeks to incorporate must file articles of incorporation with the appropriate authority. In the United States, that authority is usually the states and sometimes the federal government. It is also called a corporate charter or simply a charter. See also: Charter Amendment Limitations.

charter

References in periodicals archive ?
If a charterer breaches the contract, the ship owner can sue, "and the owner would win," said Quartaro, although he noted that collection is more difficult in the case of a charterer's breach than an owner's breach.
"It provides shipowners and charterers with the reassurance of knowing that they have the resources and expertise of Control Risks to help them manage the crisis as well as the financial support of Hiscox to meet their Loss of Hire costs," Bisson said.
Eric Griffin, VP of Offshore Energy, Inmarsat Maritime said: We are delighted that Maersk Supply Service has committed to Fleet Xpress to enable its digitalisation strategy and in particular that the company will use our new dedicated bandwidth service to provide its charterers with their own connection through the same terminal and hardware on the vessel.
"The vessel had not been technically operated according to sound maintenance practices by the charterer," the company claimed.
Sources said Ken wanted the ship impounded but was persuaded by its charterer to sail with the crew to Heysham where cargo would be unloaded.
It has an exclusive arrangement with one of the world's largest trade credit insurance companies and AJ Gallagher, the world's fourth largest insurance broker, to deliver insurance protection against charterer default.
Where 100-foot vessels once seemed large, many of today's "super yachts" reach 200 feet or greater and are often now called "mega yachts." The charterer benefits because he or she enjoys all the yacht has to offer, but only pays for the time aboard.
shipping company, a prudent charterer should still be concerned about
A COGSA carrier includes the vessel owner or charterer who entered into the contract of carriage with the shipper.
The charterer will also cover 100% of the equipment and installation cost for retrofitting the Vessel with an exhaust gas cleaning system.
Under the deals, CDBL will buy the two vessels through two special purpose companies CDBL Ocean and CDBL Planet for $363.8m in total and lease them back to the charterer for 12 years.
Although the partnership would be indemnified by its sponsor, Hoegh LNG Holdings Ltd., for its share of the cash impact of any settlement with the charterer with respect to such claims, the partnership has informed MOL of its intention to suspend the acquisition pending further resolution of this matter.