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long term charter

Defined in 1 place of the United States Code.

Long term charter.—The term "long term charter" means any time charter of a product tank vessel to the United States Government that, together with options, occurs for a continuous period of more than 180 days.

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The term “long term charter” means any time charter of a product tank vessel to the United States Government that, together with options, occurs for a continuous period of more than 180 days.

Source