Lesson 4: Voyage charter parties and contracts of affreightment Flashcards
1
Q
In a voyage charter, the owner’s responsability
A
- Maintenance
- Insurance
- Crew wages
- Bunkers
2
Q
The charter responsability
A
- Pays freight to have the goods transported
3
Q
What does a voyage include?
A
- Preliminary voyage
- Loading port
- Discharge port
- Laytime
4
Q
What is laytime
A
The period to load and discharge the goods on the port
5
Q
Consequences of exceeding lay-time
A
- It is a breach of the charter-party, liable to pay damages to the shipowner, called demurage
6
Q
What is demurrage
A
- The charge caused by exceeding lay-time.
- Depends on the market rate
7
Q
Freight
A
- Lump sum irrespective of quantity loaded or per unit of cargo.
- If the charter fails to cargo less than the amount agreed, it is liable to pay dead-freight to compensate the shipowner for the amount they could have earned.
- It is due on delivery of the cargo
- No right of deduction, unlike time charter who can make deductions from hire
8
Q
Lay-time starts when three things are fulfilled
A
- The ship arrives at the port.
- Notice of readiness is giving accordance to CP
- The ship is in fact ready for loading/discharging
9
Q
Laycan and Laytime
A
-Laycan: Owner’s responsibility, also now as layday, the period when the vessel has to arrive
Laytime: Charter responsibility, the period of loading and discharging
10
Q
When is vessel arrived?
A
- The ship not necessary has to be anchored, all it has to do is to arrive on customary anchorage, she may never anchor, can go straight to berth.
11
Q
Notice of Readiness and Readiness
A
- The charter requires prior notice to prepare for discharge, 72, 48, 24 hours.
If the ship arrives earlier may invite the charterer to com before, they have to agree - The notice that the ship has arrived it has to be accurate, otherwise it is null
12
Q
Contracts of Affreightment
A
- Charters nominate time and place, Owners nominate vessel
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