A ________ is a contract to hire an entire ship for a particular duration.

Question

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A time charterparty is a contract in which a shipowner leases their entire ship to a charterer for a specific period. In this type of charterparty, the charterer is responsible for the operating expenses, including the costs of fuel, crew, and repairs. The shipowner maintains responsibility for the management and maintenance of the ship. A voyage charterparty, on the other hand, is a contract for a specific voyage or series of voyages, rather than for a fixed period. Maritime liens and codicils are not related to charterparties.

A ________ Is a Contract to Hire an Entire Ship