TOWHIRE is the industry standard contract for ocean towage on a daily hire basis. In the latest revision, it has undergone a thorough revision to clarify ambiguities and has been restructured to make it easier to use. TOWHIRE has been aligned with TOWCON as far as possible to ensure consistency. How... Please follow the link to continue reading.
Preamble Clause 1 - Duration Clause 2 - Delivery Clause 3 - On-Off Hire Survey Clause 4 - Dangerous Cargo/Cargo Exclusions Clause 5 - Trading Limits Clause 6 - Owners to Provide Clause 7 - Charterers to Provide Clause 8 - Performance of Voyages Clause 9 - B... Please follow the link to continue reading.
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Jean-Paul is a former shipbroker, laytime, and operations expert who manages laytime and demurrage cases globally. Through Demurrage Desk, he designs tailored contracts and clauses to optimise and mitigate laytime risk. In addition, he provides personalised consultancy services to stakeholders, such... Please follow the link to continue reading.
The following is a brief set of notes describing some of the thinking and underlying principles behind the standard provisions. The descriptions are given to provide assistance to owners, brokers and others interested in the practical use of this charter party. Preamble Clause 1 (Loading Po... Please follow the link to continue reading.
Introduction Part I Part II Clause 1 - Definitions Clause 2 - Appointment of Crew Managers Clause 3 - Basis of Agreement Clause 4 - Crew Insurance Arrangements Clause 5 - Crew Managers’ Obligations Clause 6 - Owners’ Obligations Clause 7 - Crew Management Fee Clause ... Please follow the link to continue reading.
Latest news about BIMCO's contracts and clauses: New novation agreements; update on revision of SUPPLYTIME, BARECON and WORLDFOOD charter parties; update on Standard Term Sheet.
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Holidays are reflections of the culture we live in, however laytime holidays are detached from cultural context. As our perception of current and historic event are biased by personal views, it should come as no surprise that holidays may be disputed – and even controversial. Having clarification on... Please follow the link to continue reading.
Part I Part II Clause 1 - Period of Charter Party and Delivery Clause 2 - Owners’ Undertaking Clause 3 - Trading Limits Clause 4 - Cargo Restrictions and Exclusions Clause 5 - Redelivery Clause 6 - Owners’ Obligations Clause 7 - Charterers’ Obligations Clause 8 -... Please follow the link to continue reading.
