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Module 2

Module 2

Time Charterparties I – Introduction and Owners’ Issues

Learning Outcomes:

To understand the two main forms of charter
To outline the principle features common to all time charters
To describe in more detail the main obligations assumed by the ship owner

Trade ‘jargon’ and abbreviations

Owners and time charterers – who are they?

Main features of a time charterparty

Routing and due despatch

Description of the vessel

Seaworthiness and maintenance

Delivery obligations

Customary assistance

Bunkers – supply and liability issues

Obligations to cargo interests

When charter is terminated mid-voyage
When contract of carriage is frustrated or repudiated