Cesser Law and Legal Definition
Cesser means the coming to an end of a term interest or annuity. It is derived from a French term meaning to cease or stop. For example, in shipping, when the charterers are not the owners of the goods but are acting only as an agents for the loading of another party’s goods, a cesser clause may be used to ensure that liability for the cargo ceases once it is loaded. This is usually expressed in a cesser clause stating that “...charterers’ liability will cease on shipment of cargo and payment of freight, deadfreight and demurrage”, i.e. sums incurred at the loading port.