A term in the civil law, to denote the person who fits out,
and equips a vessel, whether he be the absolute or qualified owner, or even
a mere agent. Emer. on Mar. Loans, c. 1, s. 1.
2. In English, we generally use the word "ships hushand," but exercitor
is generally used to designate and distinguish from among several part
owners of a ship, the one who has the immediate care an management of her.
Hall on Mar. Loans 142, n. See Dig. 19, 2, 19, 7, Id. 14, 1 1, 15, Vicat,
Vocab., Ships hushand.
Source: Bouviers Law Dictionary 1856 Edition
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