SHIP CHARTERING
Chartering Contracts
CHAPTER 3
Elements to
consider 01 Introduction
02 Voyage Charter Party
03 Time Charter Party
3.1. Introduction
Charter parties
- The Baltic International Maritime Council (BIMCO)
Recommended: Where charter party text is liable to alterations in negotiations, although the wording of the
printed text meets with the approval of the inspecting body, the form can be used as a recommended document,
An example is the GENCON charter party.
- Grain: NORGRAIN
- Coal: AMWELSH
- Ore: OREVOY 1980
- Fertilisers: APRICANPHOS 1950
3.1. Introduction
Charter parties
- The Federation of National Associations of Ship Brokers and Agents (FONASBA)
- MULTIFORM for voyage charter party
- The Association of Ship Brokers and Agents USA (ASBA)
- ASBATIME for time charter
3.1. Introduction
Charter parties
3.2.
Voyage
Charter
parties
3.2. Voyage Charter Parties
I. Preamble: here are two important aspects of the brief MULTIPORM preamble, the place
and date of the charter party, names and domiciles of contracting parties, name and brief
description of vessel
II. Cargo Description and Quantity : with a tolerance (Moloo, molchopt,..), on a
minimum/maximum basis (m/m..), full or complete cargo capacity (deadfreight,..)
[Link]: Name of safe ports, a number of safe ports, name range at the same of different
countries
3.2. Voyage Charter Parties
IV. Berth/Anchorage: Name of safe berths: 1sb, ½ sb, ½ sa
V. Laydays and Cancelling: (Clause 4).The spread of dates during which a vessel is to
present itself at the fìrst or sole loading port. This spread should be entered in a contract, as
well as conditions under which the contract can be cancelled in the event that the vessel is
unable to meet those dates.
VI. Loading and Discharging Rates: (Clause 8). The speed at which cargo handling
activities are to be períormed.
VII. Demurrage/Despatch: (Clause 9). Daily amount of liquidated damages or demurrage
payable by a charterer in the event a vessel is detained in p o rt beyond the maximum
permitted laytime, as well as any stipulations to despatch. This is usually half the rate of
demurrage
3.2. Voyage Charter Parties
3.2. Voyage Charter Parties
VIII. Notice of Readiness: Name of safe berths: 1sb, ½ sb, ½ sa
A Notice of Readiness (“NOR”) is a notification by the vessel that she
is ready to start the charter service (upon delivery) or is ready to load or discharge cargo.
Giving an NOR has two purposes: (i) to inform the charterers that the vessel is at their
disposal; and (ii) to start the running of hire or laytime
3.2. Voyage Charter Parties
VIII. Notice of Readiness: Time Counting & Excepted Time
3.2. Voyage Charter Parties
IX. Lay time
3.2. Voyage Charter Parties
IX. Freight & Cost of Loading & Discharging
FIOST
FILO
LIFO
Liner terms
IX. Freight Payment
Freight prepaid
Freight to collect
Freight Advance
3.3. Time Charter Parties
- ASBATIME (ASBA)
- NYPE 93 , NYPE 2015
3.3. Time Charter Parties
3.3. Time Charter Parties
3.3. Time Charter Parties
3.3. Time Charter Parties
3.3. Time Charter Parties
