Printed by The BIMCO Charter Party Editor PART I 4. Vessel (name, type and other particulars; also description of Owners' equipment) (Cl. 'The Owners' shall mean the party identified in Box 2. 'The Charterers' shall mean the party identified in Box 3. 'The Vessel' shall mean the transportation unit(s) described in.

Main article: There are three main types of charterparty: time, voyage and demise and another: • In a (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time of the charter. He assumes the legal responsibilities of the owner, and is known as a disponent owner. [ ] • In a, the vessel is hired for a specific amount of time.

The shipowner manages the vessel but the charterer gives orders for the employment of the vessel, and may sub-charter the vessel on a time charter or voyage charter basis. • In a, the charterer hires the vessel for a single voyage, but the shipowner provides the master, crew, and supplies. A demise charter operates as a long lease of the vessel, with the charterer completely in charge.

In time and voyage charters, the shipowner still runs the ship, but when in port the charterer becomes responsible for loading and unloading the ship within the agreed period of. If the charterer exceeds the allowed laytime, becomes payable. Legal aspects of charterparties [ ] Whereas a charterparty is the contract between a shipowner and a charterer, a contract of carriage lies between the shipper and the carrier. A carrier will issue a shipper with a, a receipt for cargo shipped which also serves as evidence of the contract of carriage. Struat20littel20full20movei20in20hindi. (In a demise charter, the charterer is the carrier; in a time or voyage charter the shipowner is the carrier). The US (COGSA), and the UK (which ratifies and incorporates the ) do NOT apply to charterparties, but do apply to bills of lading (and similar documents such as ships delivery orders, or sea waybills). When a bill of lading is issued to a charterer by the shipowner, the question arises as to which is the dominant document.

If a shipper returns a bill of lading to a carrier (perhaps as a ), the carrier will hold it only as a token of the pledge. In both USA and the UK, the COGSA legislation provide a statement of the minimum duties that a carrier owes to the cargo-owner. 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.

In the reverse case, if a carrier issues a third-party shipper with a bill of lading that incorporates charterparty terms, the shipper/cargo-owner would not be liable for fees such as, which are payable only by a charter. Lawsuits brought for the breach of an obligation under a charterparty fall within admiralty jurisdiction. If a breach of charter terms creates a maritime lien, the suit may be in rem (i.e. Against the vessel itself).

[ ] In pleasure boating, the most frequent charter arrangement is bareboat. A voyage or time charter is used only for larger yachts and is uncommon.

Yacht charter flotillas are mostly made up of boats belonging to individuals or companies who only use their boats on a part-time basis or as an investment. A recent innovation in recreational boating is 'time-share chartering' whereby several charterers are assigned a certain number of days per month or season in a manner which resembles real-estate time-share. Typical clauses [ ] A charterparty may contain these clauses. Bunker clause [ ] A clause stipulates that the charterer shall accept and pay for all fuel oil in the vessel's bunkers at port of delivery and conversely, (owners) shall pay for all fuel oil in the vessel's bunkers at port of re-delivery at current price at the respective ports. It is customary to agree upon a certain minimum and maximum quantity in bunkers on re-delivery of the vessel. Since the test case, ship operators need to take care to ensure that bunker supply terms are suitable.