1 Platonos & 18 Sotiros Dios,
Piraeus, Attiki, 185 35, Greece

Charter Party Clauses (Dry Bulk)

Dates:

19, 26 & 28 May 2025

Duration:

3 Sessions

Hours:

19:30 – 21:30 (GMT +2)

Fees:

350,00 EUR

(Including tuition fees & reading material)

ICS Members are eligible to a discount 20% on all HMC Professional Maritime Seminars

The seminar offers a practical exploration of time and voyage charter clauses, focusing on risk and liability from a commercial perspective. Participants will gain insights into critical aspects of voyage and time charter parties, enhancing their understanding of key clauses and their implications.

Specific Areas Covered:

VOYAGE CHARTER:

Vessel Description
Differentiating speed and consumption disclosures on a voyage charter.
Risks associated with providing indicative information.
Port Charter/Berth Charter
Tendering Notice of Readiness (NOR)
Timing, methods, and potential risks.
Re-tendering NOR after holds fail.
Distribution of Risks
Owner/Charterer positions on a voyage Charter Party.
Safeguarding interests through risk management.
Lay/Can
Cancelling clause intricacies, Common Law requirements.
Notice nuances for narrowing or relocating Lay/Can.
Laytime
Triggering and stopping laytime.
Case study on load/discharging with barges.
Deduction from Freight Set-off damages against agreed sums.
Freight Payment
Due dates, right to freight, lien considerations.
Standard Set of Clauses: Snapshot overview of a Voyage Charter Party.

TIME CHARTER:

Vessel Description Interpretation of “ABOUT” and “WOG” and their consequences.
Hire Payment
Understanding hire payment as a primary and absolute obligation.
Reasons for non-excusable failures.
Suspension of Service: Explanation of Cl. 15 / NYPE 46
Underpayment: Withdrawal for underpayment explained.
Liens: Insights into contractual liens and their mechanisms.
Speed and Bunker Consumption: Forming and avoiding underperformance claims.
Charterers’ Orders: Issuing Charterers’ Orders to prevent misunderstandings.

ONLINE LEARNING

The seminar will be delivered exclusively online by fully tutored live learning. Once your registration is completed, you will receive an email with all the information and the link for the webinars. For your participation no special equipment is needed except a camera and a microphone.

Download a Brochure

Apply for the Seminar here

IDEAL FOR

Operations & Chartering Executives, Ship Owners & Ship-managers, Brokers & Traders, Legal & Marine Insurance professionals, Claims Executives & Adjusters

Tutors

Cpt. Andreas Georgiou
Managing Director of GREGALE (DRY BULK) SHIPPING

Paraskevas Kousounadis is a Chartered Certified Accountant with extensive shipping experience in accounting and finance. He is presently employed as a Finance Manager by a long-established Greek ship management company. He holds a BSc (Hons) degree in Applied Accounting, as well as in Biomedical Sciences. He is a Fellow member of the Institute of Chartered Shipbrokers (ICS), the Association of Chartered Certified Accountants (FCCA), the FCCA Greek Advisory Committee, the Institute of Certified Public Accountants of Greece, the Economic Chamber of Greece and the Shipping Professional Network of London. He is also a Certified Internal Auditor ISM-ISPS-MLC for Shipping Companies by DNV-GL.
He has excellent knowledge of financial and accounting procedures, as well as a thorough understanding of financial audit and internal control systems both ashore and onboard. He teaches Shipping Accounting at HMC/ICS Greek Branch.