Charter party (Latin: charta partita; a legal paper or instrument, divided, i.e. written in duplicate so that each party retains half), a written, or partly written and partly printed, contract between a shipowner and a merchant, by which a ship is let or hired for the conveyance of goods on a specified voyage, or for a defined period. A vessel might also be chartered to carry passengers on a journey.
A charter party is the contract between the owner of a vessel and the charterer for the use of a vessel. The charterer takes over the vessel for either a certain amount of time (a time charter) or for a certain point-to-point voyage (a voyage charter), giving rise to these two main types of charter agreement. There is a subtype of time charter called the demise or bareboat charter.
In a time charter, the vessel is hired for a specific amount of time. The owner still manages the vessel but the charterer gives orders for the employment of the vessel, and may sub-charter the vessel on a time charter or voyage charter basis.
The Charter Party claims to be "the oldest third party in the nation that has continually elected officials to office". It was founded in 1924, during a time when Cincinnati government was under the control of the Republican Party. Cincinnati was infamous for being the most corruptly governed major city in the United States, the era of Boss Cox (established by George Cox in the 1880s), controlled then by his protégé Rudolph Hynicka, who spent most of his time in New York in the management of the Columbia Burlesque Circuit.
Republican reformers, led by members of the Republican Executive and Advisory Committee, then began the Cincinnatus Association. In 1923, Republican lawyer Murray Seasongood became the leader of the reformers' successful anti-tax campaign.
The Cincinnatus Association then led to the formation of the Birdless Ballot League, which advocated nonpartisan elections. (The term "birdless" referred to the use of the Republican eagle and Democratic rooster as party symbols on the ballot). In 1924, the Birdless Ballot League joined with other reformers to create the City Charter Committee.
Charter Party was a dark bay gelding with no white markings bred in Ireland by Avia Riddell Martin, who once described him as "the biggest, ugliest camel you have ever seen". He was the only racehorse of any consequence sired by Document, a half-brother of the St James's Palace Stakes winner Above Suspicion and the Ormonde Stakes winner Doutelle. Charter Party's dam Ahoy There also produced Current Call, who in turn produced the Sun Alliance Chase winner Nahthen Lad. Ahoy There was a female-line descendant of Lady Michief, the grand-dam of the Epsom Derby winner Manna.
There are two main kinds of charter: bareboat and crewed. Bareboat charters involve a person renting a boat or cabin and skippering it themselves if they are renting the whole yacht. The other way is gathering up a group and renting the yacht with them. Most bareboat companies also offer courses to teach basic seamanship and prepare people for bareboat chartering. These companies also sometimes provide skippered charters, meaning that boat comes with a skipper but no additional crew.
Crewed charter means the yacht comes with a crew. This can be anything from a 35-foot boat with a two-person team serving as captain and chef to a 300-foot boat with a squad of 30 or more crew members including stewardesses, engineers, mates, deckhands, scuba dive masters, and the like.