CHAPTER 4 THE TIME CHARTER PARTY. Section 1. Description of vessel and cargo Section 2.The period of charter and delivery and redelivery Section 3. The hire and payment of hire Section 4. Off-hire clause Section 5. Other clause. ⑴ Definition.
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Section 1. Description of vessel and cargo
Section 2.The period of charter and delivery and
Section 3. The hire and payment of hire
Section 4. Off-hire clause
Section 5. Other clause
A time charter party is a contract under which the shipowner provides a designated manned ship to the charterer, and the charterer employs the ship during the contractual period for the agreed service against payment of hire. The time charter party may be classified as an agreement for hire of a certain vessel.
A time charter party mainly contains the name of the shipowners, the name of the charterer; the name, nationality, class, tonnage, capacity, speed and fuel consumption of the ship; the trading area; the agreed service, the contractual period, the time, place and conditions of delivery and redelivery of the ship; the hire and the way of its payment and other relevant matters.
⑴ Sale of the ship
1.3.1 Description of cargo capacity
1.4.1 NYPE Form 93
1.5.1 Charterer’s obligation
2.1 Cargo Exclusions
(1) Laydays and notice
(1) Requirement of the contract
---Address commission and/or brokerage.
(1) Right of withdrawal
1 Damage to the vessel
2 Liens clause
3 Bills of lading clause
4 Exception clause
5 Paramount clause
6 Stowaways clause
7 Charterer to provide clause
8 owners to provide clause
1.1 Damage caused by bad weather, collision and grounding