What is Asbatankvoy charter party?
ASBATANKVOY, one of the most widely used tanker charter parties in the world, will create the basis when BIMCO and the Association of Ship Brokers & Agents (USA), Inc. (ASBA) start to jointly develop a charter party especially for use in the gas tanker trade. The charter party will be named ASBAGASVOY.
What is Gencon charter party?
GENCON is a standard voyage charter party. It is a general purpose agreement for the services of a ship in exchange for freight and can be used in a variety of trades. It is accompanied by its own bill of lading, CONGENBILL 2016.
Why is it called a charter party?
The term charter party (a corruption of the Latin carta partita, or “divided… On bareboat charter, which is less frequently used in ordinary commercial practice, the owner of the ship delivers it up to the charterer for the agreed period without crew, stores, insurance, or any other provision.
What is voyage orders?
A voyage charter – is a contract for the carriage by a named vessel of a specified quantity of cargo between named ports or places. It may be thought of as equivalent to the hire of a taxi for a single journey, or for a series of several consecutive journeys in the case of a consecutive voyage charter.
What is Shellvoy?
Detailed Overview. SHELLVOY 6 is Shell’s updated form of tanker voyage charterparty. The intention behind SHELLVOY 6 is to include all current amendments issued since 1987 and to ‘clarify standard interpretations and practice’.
What is clause paramount?
A clause paramount is a clause that incorporates a cargo liability regime, usually the Hague or Hague-Visby Rules (the Rules), into a contract. Such clauses are necessary to incorporate the Rules into a charterparty as, under English law, the Rules are not compulsorily applicable to charterparties.
What are the three 3 main types of charter parties?
There are three main types of charterparty: time, voyage and demise and another.
- In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time of the charter.
- In a time charter, the vessel is hired for a specific amount of time.
Can a shipper be a charterer?
A charterer may be the actual owner of the cargo, a cargo trading company, someone acting on behalf of the actual cargo owner or someone in the business of hiring ships for trading in cargoes…..I need help with…
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| Supply Chain | Trade |
| Documentation | Learning |
Who is the carrier in a voyage charter?
charterer
A voyage charter is the hiring of a vessel and crew for a voyage between a load port and a discharge port. The charterer pays the vessel owner on a per-ton or lump-sum basis. The owner pays the port costs (excluding stevedoring), fuel costs and crew costs. The payment for the use of the vessel is known as freight.
Who pays for the crew cost in a time charter party agreement?
the charterer
In time chartering, the charterer is responsible for selecting a crew, paying charges that arise during the voyages, and arranging for provisions to ensure smooth operations at every port of call.
What Shellvoy 6?
SHELLVOY 6 is Shell’s updated form of tanker voyage charterparty. The intention behind SHELLVOY 6 is to include all current amendments issued since 1987 and to ‘clarify standard interpretations and practice’.