What are the basic contents of a voyage charter party?
The Main Features of a Voyage Charter Party:
- Provide an accurate description of the ship.
- Provide a ship that is seaworthy and cargo worthy.
- Perform and incur the costs of a ballast voyage.
- Make the ship available at the port of loading (arrived ship).
- Perform the carrying voyage with reasonable dispatch.
What are charter party forms?
Charty party forms in a charter agreement between shipowner and charterer. i) is a document containing the written terms of a charter agreement between a shipowner and a charterer, who are usually respectively referred to in the text in the plural, i.e. as “Owners” and “Charterers”.
What are the characteristics of charter party?
Charter Party is a bilateral maritime freight contract widely used for maritime transport. In Charter Party contracts, some clauses may be defined: freight value, payment method, port of origin and destination, dispatch, demurrage, type and quantity of the cargo to be transported, etc.
What is the difference between Bill of Lading and charter party?
Charter party : Charter party is a contract between the ship owner and shipper about hiring the ship. Bill of Lading : Bill of lading is an evidence of receiving the goods. Charter party : Charter party is not transferable. Bill of Lading : A bill of lading can be transferred by endorsement and delivery.
How does a charter party work?
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.
What are the three type of charter party agreement being practiced today?
Voyage Charter, Time charter, Demise charter There are different ways in which a charterer can charter (Hire) the vessel.
Who makes parties to a charter party?
A Charter Party or Charter is defined as a specific contract by which the owner of a ship lets the whole or principal part to another person for the conveyance of goods on a particular voyage to one or more places or until the expiration of a specified time. ‘ party.
