Nype 1946 PDF Form
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People also ask
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What is the clause 18 of the NYPE?
Clause 18 of the NYPE 1946 form provides as follows: This clause gives the owner the right, in order to secure the payment of sums due from the charterer, to lay claim to freight which is owed to the charterer, or in some circumstances, freight which is owed to a sub- charterer.
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What is the off-hire clause in a charter party?
ing to the New York Produce Exchange Form, the Off-Hire Clause stipulates that if there is a loss of time, due to one of the agreed-upon reasons, that hinders the full operation of the ship, the payment of hire ceases for the duration of the lost time. The phrase Loss of Time holds particular significance.
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What is the net loss of time clause?
B) Net loss of time This type of clause is the most commonly used and can be found in the NYPE '46, Baltime and Shelltime 4 charterparties. The charterers will only be able to put the ship off-hire for the time actually lost during the period that the full working of the ship is prevented.
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What is the full form of NYPE?
The New York Produce Exchange Form (NYPE) is the most widely used standard time charter party in the dry cargo sector.
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What is preventing the full working of the vessel?
In the NYPE form it is described as prevention of the “full” working of the vessel. This means even a mere impairment of the operation of the vessel is sufficient to put it off-hire and is a question of fact. For example, a partial breakdown of the ship's discharge gear could render a ship off-hire during discharge.
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What is NYPE 93?
NYPE 93. The NYPE charter form is a very popular one and most commonly used for dry cargo vessels. It was first published by the New York Produce Exchange in 1913 and was amended successively in 1921, in 1931 and in 1946.
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What is NYPE 1946?
NYPE 1946: The NYPE 1946 is the original version of the NYPE form, which was first published in 1913 and revised in 1946. It has been widely used in the shipping industry for several decades and provides a basic framework for charter agreements.
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