Voyage Charter Party Agreement Sample Form
What makes the charter party agreement for vessel legally valid?
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People also ask charter party definition
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What is the standard form for voyage charter party?
GENCON, short for General Charter, is a widely used standard voyage charter party form for various types of dry cargo shipments, including bulk commodities and general cargo.
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What are the basic contents of a voyage charter party?
Key Components of a Voyage Charter Party Freight. Laytime and Demurrage. Cargo Details. Ports of Loading and Discharge. Bills of Lading. Performance Clauses. Dispute Resolution. Full Cargo Charters.
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What is a voyage charter contract?
A voyage charter is agreed between a shipowner (who provides the vessel) and a charterer (who pays to transport goods). The charterer pays either a lump-sum or quantity-based freight rate to transport the cargo for the specific voyage, as well as the cost of loading and unloading the goods.
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What is the ice clause in a charter party?
A standard clause in vessel chartering, dictating the course that a vessel master may take if the ship is prevented from entering the loading or discharge port because of ice, or if the vessel is threatened by ice while in port.
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What is the off hire clause for charter party?
What is off-hire? The payment of hire is an obligation under a charterparty; this obligation is usually to pay hire without deduction or set-off. However, it is normally qualified by an off-hire clause which suspends the obligation to pay hire if the ship is prevented from performing the required services.
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What is a voyage charter party?
In charter party. The voyage charter is the most common. Under this method a ship is chartered for a one-way voyage between specific ports with a specified cargo at a negotiated rate of freight.
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What are the clauses of a charter party?
The most common clauses included in a charter party are: bunker clause, ship clause, ice clause, lighterage clause, negligence clause, ready berth clause, loading and unloading time, and liability clause.
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What is the ICE clause for voyage charter parties?
A standard clause in vessel chartering, dictating the course that a vessel master may take if the ship is prevented from entering the loading or discharge port because of ice, or if the vessel is threatened by ice while in port.
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