Explanatory Notes
BIMCO members have access to the supporting explanatory notes.
The Novation Agreement for the Transfer of Ownership is an agreement between the parties to novate the time charter party from the original owners to the new owners on terms set out in the agreement.
The latest edition of this contract is the Novation Agreement for the Transfer of Ownership, issued in 2016.
Copyright in the Novation Agreement for the Transfer of Ownership is held by BIMCO.