catch time charter

catch time charter
A term which relates simply to the amount of compensation to be paid by the charterer of a boat. Ordinarily, when a boat is hired, the rent is so much a day. When "catch time" is followed, it is paid for when and as actually used, accounting being at some subsequent period. Under such a charter, however, the custody of the charterer commences at once whether the boat is actually being used by him or not, and the owner ceases to have any control over it. Schoonmaker-Conners Co. v New York Cent. R. Co. (DC NY) 12 F2d 314.

Ballentine's law dictionary. . 1998.

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  • catch time charter — One under which compensation is paid for the time the boat is actually used. Schoonmaker Conners Co. v. New York Cent. R. Co., D.C.N.Y., 12 F.2d 314, 315. See also bareboat charter …   Black's law dictionary

  • catch time charter — One under which compensation is paid for the time the boat is actually used. Schoonmaker Conners Co. v. New York Cent. R. Co., D.C.N.Y., 12 F.2d 314, 315. See also bareboat charter …   Black's law dictionary

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