What is meant charter party?

Charter party, contract by which the owner of a ship lets it to others for use in transporting a cargo. The shipowner continues to control the navigation and management of the vessel, but its carrying capacity is engaged by the charterer. The voyage charter is the most common.

What are the different types of charter parties?

There are three main types of charter parties : voyage charter parties, time charter parties, bareboat or demise charter parties.

What are the content of a charter party?

A charterparty (sometimes charter-party) is a maritime contract between a shipowner and a “charterer” for the hire of either a ship for the carriage of passengers or cargo, or a yacht for pleasure purposes. Charter party is a contract of carriage of goods in the case of employment of a tramp (charter boat).

What is the difference between charter party and bill of lading?

Charter Party Clause: Charter party bill of lading contains a clause stating that it is subject to a charter party. Marine bill of lading does not contain such a clause or similar wording. Marine bills of lading can be signed by; the carrier or a named agent for or on behalf of the carrier, or.

What is a demise charter party?

Demise charter parties Demise charter means the demise, letting, hire or delivery of the ship to the charterer under a charter party, by virtue of which the charterer has whole possession and control of the ship (including the right to appoint the master and crew of the ship).

What is bareboat charter party?

A bareboat charter or demise charter is an arrangement for the chartering or hiring of a ship or boat, whereby no crew or provisions are included as part of the agreement; instead, the people who rent the vessel from the owner are responsible for taking care of such things.

What is a third party bill of lading?

Third party billing is a scenario where neither the shipper nor the consignee is responsible for paying the freight charges – instead there is a third party who is responsible for the charges.

What is time charter in shipping?

A time charter is a time-bound agreement, as opposed to a voyage charter. The shipowner leases a vessel to a charterer for a fixed period of time, and they are free to sail to any port and transport any cargo, subject to legal regulations.

What is Shellvoy?

The Shellvoy 6 gives the charterers the option to order the vessel to shift “to a waiting place inside or outside port limits”. The impact of this change should be limited since, as with shifting within the port, the charterer will be liable for all additional expenses incurred, and time continues to count.

What is a bareboat charter agreement?

Bareboat Charter — an agreement between a ship owner and a charterer (an individual or company chartering a vessel) that essentially gives the charterer complete responsibility for the vessel and its operation over the course of the charter.

What is another name for demise charter?

bareboat charter
A bareboat charter or demise charter is an arrangement for the chartering or hiring of a ship or boat, whereby no crew or provisions are included as part of the agreement; instead, the people who rent the vessel from the owner are responsible for taking care of such things.

Which is the best definition of a charter party?

CHARTER-PARTY, contracts. A contract of affreightment in writing, by which the owner of a ship or other vessel lets the whole, or a part of her, to a merchant or other person for the conveyance of goods, on a particular voyage, in consideration of the payment of freight.

What happens during the Charter Party contract period?

During the charter party contract period, the charterer could operate the vessel commercially within allowed routes freely. Voyage charter party contracts are signed to carry specific amount of goods between pre-determined route.

Who is the charterer in a ship charter agreement?

Charterer is the party that has chartered (think of simple word “hired”) the ship. If the shipper has chartered the entire ship then shipper will also be the charterer. In most of the cases, charterer is a kind of middle man between shipper (s) and shipowners

When do you need to incorporate a charterparty document?

If the charterer has shipped cargo, charterparty document may incorporate the COGSA or the Harter Act, since the charter is also a cargo-owner. Such an incorporation is valid and enforceable even without the issuance of a bill of lading.

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