Section 46 Stamp Duties Act

Section 46 of Stamp Duties Act 1939 is about Provisions as to duty on charter-party. It provides as follows:

(1) For the purposes of this Act, the expression “charter-party” includes any agreement or contract for the charter of any ship or vessel or any memorandum, letter, or other writing between the captain, master or owner of any ship or vessel, and any other person for or relating to the freight or conveyance of any money, goods, or effects on board of a ship or vessel.

(2) The duty upon a charter-party may be denoted by an adhesive stamp, which shall be cancelled by the person by whom the instrument is last executed, or by whose execution it is completed as a binding contract.