Ship Charter Agreement

In a travel charter, the itinerary is pre-arranged and the charterer has little room to intervene in the program. On the other hand, the on-time charter is almost half a house between a charter and a travel charter, since the charterer decides the routes and ports and orders the shipowner`s crew to stick to it. This may lead to compensation issues: while the shipowner assumes responsibility for the vessel in a travel charter, the shipowner may have to be compensated in a temporary charter of losses or debts caused nearby by the charterer. The doormen choose the boat that best matches their cargo in the charter system. It is the most appropriate shipping system for bulk solids, bulk liquids and bulk industrial products. 3 Major markets differ in this procedure, the characteristics of which are explained below. It is a fixed-term lease in which the tenant has full control of the vessel, including the right to designate the master and crew. It is used every time you want to operate a ship. An ice clause is inserted into a bill of lading or charter party when a vessel is transported to a port that may be closed for ice shipping upon the vessel`s arrival or after the vessel arrives. Charter part, a contract by which the owner of a ship leases it to others to transport a cargo. The shipowner continues to control the navigation and management of the vessel, but its cargo capacity is exercised by the charterer.

Time Charter Equivalent is a standard performance index of the marine industry, which is mainly used to compare period-to-period changes in the performance of a shipping company despite changes in the mix of charter types. The terms of these contracts are often negotiated with the brokerage of freight agents. However, the charterer`s duties include the possession of a vessel suitable for the cargo to be transported, the choice of the most appropriate route and the guarantee of the delivery of the cargo at the end of the voyage. The charterer undertakes to load only what has been agreed. A shipwreck charter functions as a long rent for the ship, with the charterer fully responsible. In the charter of time and travel, the shipowner always directs the vessel, but when, in the port, the charterer is responsible for loading and unloading the vessel in the agreed time of the lay. If the charterer exceeds the permitted laytime, the de-smurr time [4] is due. [5] In addition to freight, the charterer must also cover commercial operating costs, return the vessel to agreed conditions, and respond to potential damage caused by improper loading. A finite mooring clause is inserted into a portion of the charter, i.e. the line begins to be counted as soon as the vessel arrives at the loading or unloading port, “whether it is qualière or not.” It protects the interests of shipowners from delays when ships have to wait for a berth. A charter party (sometimes charter party) is a maritime contract between a shipowner and a “charterer” for the rental of a ship for the transport of passengers or goods or a yacht for entertainment purposes.