CHARTER PARTIES

Types of Charter Parties

Bareboat Charter
Time Charter
Voyage Charter
Bareboat Charter
Entire vessel leased
Charterer pays expenses (fuel, stores,
provisions, harbor dues, pilotage, crew, etc.)
Charterer responsible for the upkeep,
preservation and safety of the vessel
Delivery - redelivery
Voyage Charter
Carriage of full cargo for one voyage
Charterer not responsible for the operation
of the vessel
Master laytime, demurrage, dispatch
clauses, Notice of Readiness
Time Charter
Vessel hired for a specified time
All cargo space is at charterers disposal
Shipowner responsible for the upkeep and
repair
Charterer pays fuel,tugs, pilots, harbor dues,
stevedoring, but not the crew
Clauses
Laydays Paramount clause
Dispatch money clause Employment and
Demurrage indemnity clause
Off-Hire clause Deck cargo clause
Exemption from liability Jason clause
clause
Lien clause
Sublet clause
General average clause
Documents required by the
charterer
Deck and engine room log
Engineers passage report
Port activity reports
Radio reports
Statement of facts