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).
With respect to estates, an abatement is a proportional diminution or reduction of the monetary legacies, a disposition of property by will, when the funds or assets out of which such legacies are payable are insufficient to pay them in full.