A time charter-party is a contract between the shipowner and charterers, by which the shipowner agrees to let and the charterers to hire the vessel for a specified term for employmentâeither generally in any lawful trade or on voyages within certain limits.nder a time charter-party, the shipowner largely parts with control of his ship. The ship is employed, within certain limits, according to needs of the charterers. However, the shipowner remains in possession of the vessel via his employee, the master.
counter-argument noun [C]. âº an âargument against another âargument, âidea, or âsuggestion. (Definition of counter-argument from the Cambridge Advanced Learners Dictionary & Thesaurus Â© Cambridge University Press).ounter-argument noun [C]. âº an âargument against another âargument, âidea, or âsuggestion. (Definition of counter-argument from the Cambridge Advanced Learners Dictionary & Thesaurus Â© Cambridge University Press).
Definition of Understatement. An understatement is a literary device in which a writer or speaker attributes less importance or conveys less passion than the subject would seem to demand. Understatement is often used for comic effect. For example, Mark Twain states, A soiled baby, with a neglected nose, cannot be conscientiously regarded as a thing of beauty.. Understatement is also used to downplay the effect of facts, as when a totaled car is described as having a few dents.. A related term, litotes, conveys understatement through a negative construction.