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Legal Terms - cesser clause
A clause inserted in a charterparty when the charterer intends to transfer to a shipper his right to have goods carried. It provides that the shipowner is to have a lien over the shipper’s goods for the freight payable under the charterparty, and that the charterer’s liability for that freight will cease accordingly on shipment of a full cargo.
A clause inserted in a charterparty when the charterer intends to transfer to a shipper his right to have goods carried. It provides that the shipowner is to have a lien over the shipper’s goods for the freight payable under the charterparty, and that the charterer’s liability for that freight will cease accordingly on shipment of a full cargo.
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