Charter Party Clauses (Dry Bulk)

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.